Goldman Sachs Has Predicted That Online Gambling Will Soon Be Legalised
Global investment banking Goldman Sachs has predicted that online gambling will soon be legalised and regulated in the US despite the slow progress of Congressman Barney Frank’s proposed Internet Gambling Regulation.
Based on a simple ‘grossing up’ of PartyGaming’s rake relative to its nine percent market share, the US poker market alone was worth $1.5 billion in 2008.
Also based on an assumption of 30 percent penetration of offline poker players and $300 gross gaming revenue per player, we estimate that a legal poker market could be worth three billion dollars a year.
You can read also:
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- December 22, 2010 -- Positive Attitudes For Better Online Gambling Experiences
- November 28, 2010 -- Secure Online Gambling
- November 17, 2010 -- The Casino World
- April 22, 2010 -- Win At Blackjack
- April 12, 2010 -- Online Poker
- March 17, 2010 -- Free Casino Cash
- February 8, 2010 -- Online Poker Tournaments
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Tags: online gambling, Poker
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