Online casino gaming does not harm existing brick-and-mortar casino revenues, a panel of gaming stakeholders argued again during an industry conference Wednesday.
“We look at the data the properties themselves are putting out that show coming out of COVID-19, retail businesses are growing and alongside those online businesses as well,” Glass said. revenue figures have increased since the implementation of iGaming in their respective states. These figures, panelists Wednesday say, refute the cannibalization argument that has been one of the major factors in the suspended legalization of iGaming in new markets.
This division has been another blocker in iGaming implementation. Organized labor groups have joined in on the opposition, arguing it will hurt in-person visitation and, in turn, employment. Other opponents have argued this will further hurt auxiliary businesses near casinos, many of which are in economically disadvantaged areas.
“That’s a lot of firefighters and police officers that don’t have to worry about whether their departments are underfunded,” Fernandez said. “And that’s part of the story, too. It’s not just educating on the actual products; it’s the larger picture of the net value add.”in 2023, per the American Gaming Association, of which around $6 billion came from online casinos.
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