Online Gambling Battle Continues

The future of gambling is definitely online but some people who own land-based casinos don’t want online gambling to expand any further in the United States. One of those people is Sheldon Adelson who is CEO of Las Vegas Sands Corp. Adelson is said to be one of the richest Americans and he has been throwing money left and right to thwart the expansion of online gambling. Adelson has a ton of money but he is fighting an uphill battle as many companies including Caesars Entertainment Corp. and MGM Resorts International want to have a piece of the online gambling pie and they are fighting for the expansion of online gambling.

With Adelson and his supporters on one side and big companies like Caesars and MGM on the other side, the battle regarding online gambling continues. The big winners right now are lobbyists in Washington D.C. who can get money from one side or the other as they attempt to persuade legislators toward their point of view.

Regardless of the battles now taking place, the war is going to be won by those who support online gambling. Morgan Stanley recently said that by the year 2020, online gambling in the United States will produce the same amount of revenue as Atlantic City and Las Vegas combined.

There are currently three states, Nevada, New Jersey and Delaware that have some sort of legal online gambling and at least 10 other states are looking at legalized online gambling.