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Morgan Stanley analysts cut US gambling market estimates by almost 50 percent
Wednesday April 1,2015 : PESSIMISTIC VIEW OF U.S. ONLINE GAMBLING
Morgan Stanley analysts cut US gambling market estimates by almost 50 percent.
The latest Morgan Stanley assessment of the US online gambling market created a few shivers Tuesday, slashing the analyst's estimate of the potential U.S. Internet gambling market by nearly half to $2.7 billion by 2020.
The firm attributed its more cautious estimates to slow developments and legislative uncertainty.
The firm's original estimate was $5 billion by 2020, although Morgan Stanley appears confident that by that date 15 US states will have legalised online gambling.
The report is pessimistic on positive new developments in 2015, predicting that there will be no further state legalisations of online gambling this year, but that California and Pennsylvania may manage to achieve legalisation in 2016 and a roll out in 2017, probably followed by New York and possibly Illinois around 2018.
A federal ban on online gambling is unlikely this year, but remains a risk, and one that is growing the analyst points out.
However, the report does suggest that the legalisation of online gambling is ultimately inevitable, and that further state legalisations will create a tipping point, encouraging other states to follow suit.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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