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According to industry experts and executives who participated in this year's SBC North American Summit, internet casino gambling in the U.S. has a bright future. Despite the various obstacles currently standing in the way of its expansion and concerns about its impact on offline casinos, overall sentiment in the industry is positive.

Optimistic industry executives despite sluggish iGaming acquisition
The legalization of online casino gambling in the U.S. is slow, but several states in the country, including Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia, have already introduced online casino gambling. Despite this slow progress, industry experts and leaders believe the future of gambling lies online.

Elizabeth Suver, vice president of Bali, noted that consumers, especially millennials, have significantly changed their habits and are increasingly relying on smartphones for everything from shopping to banking, which makes their lifestyles primarily mobile. She also reported to The Associated Press that this is where gambling takes place.

However, these positive sentiments do not reflect the situation in the market. Despite the availability of online sports betting in 38 U.S. states and Washington, D.C., internet gambling is very limited. Nevada, the mecca of gambling, has only introduced online poker, but not online casino games.

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Sean Fluharty, president of the National Council of Councillors from Game State, pointed out that there is a significant gap between the big growth in sports betting after a landmark U.S. Supreme Court ruling in 2018 and the expansion where online casino games rarely exist. However, he was ultimately optimistic about the possibility of introducing Gaming as well.

Brandt Iden, vice president of Fanatics Betting & Gaming, reiterated this sentiment. He mentioned how important it is to embrace online gaming across the industry to be successful. He also stressed that the industry should work to educate legislators about the benefits of legalized online platforms compared to illegal overseas gambling websites.

While the industry's stance may be positive, there are still strong concerns about the negative effects of iGaming spreading across the United States. They include fears of rising addiction rates and cannibalization of physical casino revenues.

Supporters of online gambling, however, argue that iGaming can complement traditional casinos and boost economic growth. Adam Glass, an executive at Rush Street Interactive, emphasized the possibility of new jobs and synergies between online and offline game operators.