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Billionaire businessman Todd Wagner said it was likely online gambling would move in some form over to an online arena.
“Will it just be the same brick-and-mortar player than transition to this, or will there be room for others to come in because the business is different?” he said. “It’s not just constructing a facility and construction permits and all the things that go with that world. Now we’re on an online world.”
Richard “Skip” Bronson, chairman of U.S. Digital Gaming, said that it was a sector that needs to be taxed and regulated, as illegal offshore operators have taken up to $6 billion of revenue out of the United States.
“It’s imminent. There’s no question,” he said. “The states are broke. They’re looking for revenue sources.”
U.S. Digital Gaming develops “legally compliant” gambling systems for Native American tribes, state lotteries and existing casinos. Bronson said already eight or nine states have laws pending to legalize gambling.
“We think it’ll be like the first lottery, which occurred in New Hampshire in 1964. Now there are 43 states that have a state lottery,” he said. “We believe the same thing will happen with online gaming.”
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“Will it just be the same brick-and-mortar player than transition to this, or will there be room for others to come in because the business is different?” he said. “It’s not just constructing a facility and construction permits and all the things that go with that world. Now we’re on an online world.”
Richard “Skip” Bronson, chairman of U.S. Digital Gaming, said that it was a sector that needs to be taxed and regulated, as illegal offshore operators have taken up to $6 billion of revenue out of the United States.
“It’s imminent. There’s no question,” he said. “The states are broke. They’re looking for revenue sources.”
U.S. Digital Gaming develops “legally compliant” gambling systems for Native American tribes, state lotteries and existing casinos. Bronson said already eight or nine states have laws pending to legalize gambling.
“We think it’ll be like the first lottery, which occurred in New Hampshire in 1964. Now there are 43 states that have a state lottery,” he said. “We believe the same thing will happen with online gaming.”
SOURCE AND VIDEO
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