Regulation in Review: US Regulation in Review: US
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Key Takeaways
  • Financial analysts at Morgan Stanley have downgraded their estimates of the US online gaming market.
  • New Jersey State Sen. Ray Lesniak took to social media last week to let his followers know that a “big announcement” was forthcoming.
  • This week, WSOP.com will be celebrating its one-year anniversary of launching in Nevada.
  • The Poker Players Alliance state director for Minnesota, Mike Qualley, is pushing for an online poker bill to be introduced in Minnesota.

Financial analysts at Morgan Stanley have downgraded their estimates of the US online gaming market. The firm has more than cut in half its market forecast of $3.5 billion by 2017 to $1.3 billion with the market reaching $5 billion by the year 2020. Citing “ongoing technical/awareness issues” as one of the major obstacles, analysts do believe that the addition of PokerStars to the market “should accelerate growth.”

Overall, the slower than expected ramp-up of the US market is expected to continue. Morgan Stanley predicts that only California will pass online gaming legislation in 2015, but that seven states in all will be live by 2017.

Morgan Stanley has made the entire report available on their website. There is also an interactive tool to allow others to see how the market may differ based on different scenarios of when states will adopt online gaming.