It has been fascinating to watch the rapid evolution of the US online gambling market after a relaxing of the Federal Wire Act in 2011 opened the door for online Poker (and more) on a state by state basis. In fact, just Thursday the Nevada legislature approved a bill allowing interstate online poker on the quick, because they caught wind that New Jersey may do so next week.
This is a rare, massive, greenfield opportunity in the US that is primed to unfold quickly. According to KPMG, the worldwide market for online gaming is about $32 billion per year today, and that is without meaningful (legal) contribution from the US, the world’s richest economy. Juniper Research estimates that worldwide betting on mobile devices alone will be a $100 billion market 2017. History suggests whoever gets there first with a quality offering will earn the early advantage. So who’s positioned to win?Continue Reading