Apr 12, 2018  Japanese casino industry would be worth $15 billion by 2025, according to Morgan Stanley which would be enough to make it the second-biggest casino gaming market in the world. Dec 19, 2013  A new report from Eilers Research offers what I’d argue is the most sober and accurate projection to date for regulated iGaming revenues in the United States. The argument that online gambling revenue will come at the expense of land-based casino revenue is. Late last month, Morgan Stanley revised its estimates for the size of the U.S. Online gambling industry by 2020. The financial services firm believes the American market for online betting will be.

Saturday, February 18th, 2017 | Written by April Bergman

Morgan Stanley stated this week it expects to see sports betting legalized in the United States this week, according to the American Gaming Society. The AGA said it was “most excited” to see the prediction.

The Morgan Stanley analysis came after the financial institution suggested neutral comments from President Donald Trump were a further sign of liberalization of gambling policies in the United States. While President Trump did not give his solid support, Morgan Stanley said Trump’s statements were “positive”.

Donald Trump Statement on Sports Betting

Those comments came in a Super Bowl Sunday radio conversation with Jim Gray of Westwood One. In the interview, Donald Trump was asked about legalized sports betting in the United States. Trump said he would “sit down with the commissioners” to discuss the issue.

Trump continued, “I would be talking to them, and we’ll see how they feel about it. Some would not want it, and probably others — and I’ve read others maybe do. But I would certainly want to get their input and get the input from the various leagues, and we’ll see how they feel about it.”

Seeking Perspectives from Gaming Execs

The new American president added that he wanted different perspectives before he made a decision. In a less positive sign, Trump said, “I’d also get the input from lots of law enforcement officials, because, obviously, that’s a big step.”

Repeal of the PASPA Law

Given the lukewarm response by President Trump, Morgan Stanley’s analysts said that the likeliest path to legalized sports betting is repealof the Professional and Amateur Sports Protection Act (PASPA). When the PASPA was passed in 1992 and went into effect in 1993, it banned sports gambling everywhere in the United States except Nevada, Delaware, Oregon, and Montana.

Those four states already had legal sports betting at the time PASPA was passed, so their laws were grandfathered into the legislation. Nevada had legal sportsbooks, while the other three states had various forms of sports lotteries — which allow sports betting in a form similar to parlays. Over the years, numerous of the other 46 states have challenged the PASPA law as unconstitutional, because it contradicts the Commerce Clause of the US Constitution. New Jersey most famously has challenged PASPA, but attorney generals for four other US states signed an amicus brief for New Jersey’s recent challenge to PASPA before the United States Supreme Court.

Sports Betting Amicus Brief in the US Supreme Court

Morgan Stanley’s report did not mention that amicus brief specifically, but might have been referring to the current case when it stated, “Repealing PASPA is generally viewed as having a much greater likelihood to pass Congress, which would keep sports betting intra-state. As we have learned from the roll-out of online gambling in the US (which has a real threat of being abolished, without grandfathering of existing states), state by state growth limits the scale of the opportunity.”

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The U.S. Supreme Court is deciding whether to hear New Jersey’s sports betting case or not. In two different lawsuits involving legalized sportsbooks, the American sports associations have defeated New Jersey 5 separate times inside the courtroom. Most expect the Supreme Court decision is the final round of battle, whatever the outcome might be.

Gov. Chris Christie has been criticized for continuing to challenge the PASPA, despite so many losses in court. At this point, New Jersey has spent millions of dollars on lawyers fees over a 5-year period. It has little to show for that expenditure, but a win in the Supreme Court would change everything. If Atlantic City casinos and Monmoth Park racetrack had legal sportsbooks, it would mean hundreds of millions of dollars in cash each year.

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Previous Morgan Stanley Predictions

Previously, Morgan Stanley made optimistic predictions about gambling expansion in America over the past years. Those predictions have been a little too optimistic at times. At one point in 2013, Morgan Stanley predicted 15 US states would have legal Internet gambling by the year 2020. The financial institution also predicted the online gambling industry would be worth $7 billion by that year.

Since then, Morgan Stanley has adjusted its predictions downward. By 2014, the prediction was lowered to $5.2 billion. Their analysts have adjusted that figure down one more time since then.

The somewhat lackluster performance of New Jersey online gambling has been one of the reasons initial predictions were flawed. That performance also might have made legalization efforts in Pennsylvania and California less urgent, as bills stalled repeatedly. Had the market seemed more lucrative, the urgency for legislators to pass online gambling bills likely would have been greater.

In lieu of online gambling laws saving Atlantic City, New Jersey legislators are now hoping sports betting saves the day. After so many lost court decisions, those lawmakers are taking a wait-and-see approach.

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https://championlucky.netlify.app/free-slots-win-money.html. The gambling industry at large is huge, and last year there was $423 billion in total gaming win (gaming revenue) across the globe, according to research just released from Morgan Stanley.

From Forbes: Lotteries accounted for 29 percent at $121 billion, with what the report terms “other gambling” such as sports betting and parimutuel racing as the next biggest chunk at $118 billion or 28 percent and online gambling at $37 billion or 9 percent. Of the $146 billion from land-based casinos, US commercial and tribal operations took in $67 billion (46 percent), Asia and Australia casinos $61 billion or 42 percent. The rest of the world’s brick-and-mortars had $18 billion or 12 percent.

Morgan Stanley Online Services

According to Bloomberg, casinos are the 12th largest industry on earth.

The gambling industry has seen the rise and fall of Macau, which keeps experiencing huge year-over-year declines in gambling revenue. The former Portuguese colony is facing scrutiny from the Chinese government over what it perceives as corruption.

Late last month, Morgan Stanley revised its estimates for the size of the U.S. online gambling industry by 2020. The financial services firm believes the American market for online betting will be $2.7 billion by 2020, down from last year’s estimate of $5 billion.

Morgan Stanley Online Access

Also last month, Casino City’s annual Indian Gaming Report said that U.S. tribal gaming reached a record of $28.3 billion, but growth has slowed to a meager 0.5 percent year-over-year.