Study: US Online Gambling Worth $9.3b in 2020

Published May 12, 2013 by OCR Editor

Study: US Online Gambling Worth $9.3b in 2020

Morgan Stanley sees US online gambling revenue topping Vegas and Atlantic City.

Morgan Stanley, one of the world's leading financial services firms, has made a bold prediction - estimating that in 2020, online gambling in the US will be worth more than the combined amount currently produced by Las Vegas and Atlantic City.

US online gambling boom

The American online gambling industry will be worth a massive $9.3 billion by the year 2020, according to a "conservative market estimate" made in the Morgan Stanley report. This would see it top the combined amount made by Vegas and Atlantic City, which produced $6.2 billion and $3 billion respectively in 2012.

In its report, Morgan Stanley upgraded Boyd Gaming Corporation's stocks. As a Nevada business that owns hotels and casinos throughout the US, including big establishments in Vegas and AC, Boyd is seen as one of the companies best placed to take advantage of the changing legal environment.

Awaiting the online casinos

Online gambling giant 888 appears set to become the first operator receive a license from the Nevada Gaming Control Board, according to various reports on the internet in the past month. So far two tech firms have receive Nevada online gambling licenses, but as yet no online casino operator has been approved.

Nevada, New Jersey and Delaware have all passed laws approving some of form of online gambling in the past month. Nevada's law authorizes local firms to host internet gambling for non-state residents. This effectively creates a nationwide framework for online gaming despite the failure of federal regulation attempts.

See also

Playing Endorphina's 2020 Hit Slot

Gambling Industry Leaders Converge to the BET 2020 London iGaming Expo

The much-awaited Ukraine Gaming Week UGW 2020 will have to be a-waited a bit longer

After a Stutter, the Odds Remain in Favor of Optimal BET2020 Results

Delaware Announces Record Online Gambling Revenue for August 2020


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