Still, in a regulated marketplace, where gamblers know they can trust the casinos, and credit card purchases are allowed, I bet we’d all make more money at 5% than we’re making now at 35%.
That is entirely possible.
I have no doubt that regulation will change the playing field – but I am quite sure that we will be there.
Also, regulation will have to be so anyone can apply and comply with the rules. I do not think that we will be confined to US landbased casinos. There will be others – my guess is that the software companies will have flagship properties apply.
Also, regulation does not prevent offshore casinos from competing on the web, even if the US has a lot of policies in place to trip them up. Britain’s licencing is not going to put anyone in Antigua out of business. I don’t think the US will either – there will just be a shake-out due to oldfashioned competition..