Online Gambling In The U.s.a. Will Evolve Slowly

Corporate financier says momentum will grow as more states legalise and look to interstate compacts

Corporate financier Steve Epperly, Senior Director, CIT Corporate Finance – Gaming, a division of CIT Group Inc. says an increasing number of US states want to provide gaming options to their residents rather than see them head to adjacent states to gamble, leading to the recent expansion of the gaming industry… and that legalised online gambling will evolve slowly in America.

These are some of the insights found in "Betting on the Commercial Gaming Sector", the latest installment in the CIT Executive Spotlight series of in-depth executive Q&As.

"In the face of tightened budgets and revenue streams, gaming is becoming more and more important to states," notes Epperly.

In the section on legalised internet gambling the financial industry executive says:

"Online gaming will benefit from more regulation and will roll out slowly, on a state-by-state basis, likely under the regulatory framework already established in these states for traditional land-based gaming.

"Growth in online gaming will reach a tipping point when a critical mass of states approve the activity and then enter into interstate compacts that pool gamers in these states together, similar to those agreements that govern multistate lotteries such as Powerball."

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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