European data suggests that approving further online gambling in the United States will generate more wagering and more tax revenue, but it is not clear whether online will cannibalise some land-based revenue, one prominent analyst has said.
US casinos, led by billionaire casino owner Sheldon Adelson, oppose online gambling in part due to claims that online gambling would hurt existing casinos.
However, data from Europe and New Jersey suggests a potential for business to be taken from physical casinos, according to Andrew Zarnett, Deutsche Bank’s gambling debt analyst.
Zarnett was speaking at the iGaming Executive Conference at the iGaming Super Show in Amsterdam on Thursday.
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