Joined: Apr '11
Location: Romania
Age: 58 (M)
Posts: 2432
According to a report by investment bank Morgan Stanley, the US online gaming market will be worth $9.3 billion by 2020. Following legalisation in New Jersey, Nevada and Delaware Morgan Stanley believes the industry will generate $670 million during the first year of trading (2014). As the industry continues to grow, they then predict its revenue will become larger than both Las Vegas ($6.2 billion) and Atlantic City ($3 billion) combined. While much of Morgan Stanley's analysis is based on certain legislative factors, it seems that investors are optimistic about the future of online poker in the US.
Joined: Apr '09
Location: Portugal
Age: 44 (M)
Posts: 4827
I have no doubt about this. And if they open it again, turning possible to have US citizens playing with the rest of the world, it will be quick as it reaches those numbers.
Joined: Nov '12
Location: Canada
Age: 55 (M)
Posts: 4675
G'day mates
Wow what the hell took them so long to figure that one out. The online market according to experts was already worth more then Vegas live casino's before Black Friday hit the US players. Why the heck do you think the vultures were so pissed off about it and got the US government involved to try and shut down all online gaming. Yep you guessed it, They was losing money and pointed out to the government they was too. No doubt it will go larger again once they start allowing the US players to play online again.
Joined: Feb '12
Location: Canada
Age: 64 (M)
Posts: 6036
In the big picture there's no doubt that the overall amount of money betted on online poker will dwarf Las Vegas,.... BUT,....I'm sure in Las Vegas you will find games and tournaments whose Buy Ins would dwarf that found online... Some of those Vegas tourneys can have Buy Ins worth $100,000 or more!
....but then again,...I'm not really aware of what the bigger Buy Ins online are. There are some on PokerStars that are what,...$1000,....a couple of thousand dollars....?
