Future Watch Survey Shows Optimistic Industry
Gaming industry insiders are optimistic about the growth of online gaming, but aren’t so sure the Federal government will regulate it anytime soon.
Those are just a couple of the findings of the 10th Annual G2E Future Watch survey.
Optimistic About Online Gambling
Online gaming in the US is a potential gold mine for gaming operators and the survey show just how excited these folks are. A full 61% of them think that the US online gaming market could be worth more than $10 billion in a just a few year. Around 56% of them think that market will be worth between $45 and $65 billion by 2017.
While gaming professionals are bullish on igaming, they’re a lot less confident in their elected officials’ ability to push through legislation regulating it. Only 6% of survey takers thought Congress would pass online poker legislation this year.
When asked if Congress might get something going in the next 1-2 years, that number jumps up to 39%.
According to the survey, which was released at the Global Gaming Expo in Las Vegas, gaming experts foresee continued expansion of legal online gamine.
A whopping 95% of the people asked said that online lotteries would “probably” or “definitely” be legal within 3-5 years, while 78% of them felt that way about intrastate poker.
One area where pessimism still rules the day is sports betting. Only about half think that it’s going to be legal within 5-10 years.
A rising tide lifts all ships is an old saying that describes the current mood in the gaming industry. When asked whether online gaming would hurt land-based casinos, only 25% of respondents said it would; 55% of them think igaming would very much help the industry grow.
Of course online gaming isn’t the only innovation shaping the gambling world. More than 80% of the people asked said that real money social gaming and mobile gaming would have a big impact on the industry.
Future Watch results are drawn from a survey of 18 top gaming industry executives.
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