A newly formed coalition of regional casino operators is taking a stand against the expansion of iGaming, citing concerns about its impact on land-based casinos and local economies.
Key Takeaways:
- Regional casino operators form coalition to oppose iGaming expansion
- Group argues iGaming threatens land-based casino jobs and tax revenues
- Coalition includes major players like Boyd Gaming and Penn Entertainment
The landscape of the American gambling industry is facing a potential shake-up as a group of regional casino operators joins forces to oppose the expansion of online gambling, also known as iGaming. This coalition, which includes industry heavyweights such as Boyd Gaming and Penn Entertainment, argues that the growth of iGaming could have detrimental effects on traditional brick-and-mortar casinos and the communities they support.
The newly formed group, known as the Coalitions for Fair Gaming, is making its voice heard in state legislatures across the country. Their primary concern is that the proliferation of online casino gaming could lead to job losses at land-based casinos and a reduction in tax revenues for local governments.
Boyd Gaming, a key member of the coalition, operates 28 gaming properties across 10 states, including popular destinations in Las Vegas and Atlantic City. Penn Entertainment, another major player in the group, is known for its diverse portfolio of gaming and racing properties across 20 states.
The coalition’s formation comes at a time when several states are considering legalizing online casino gaming. Currently, iGaming is legal in only six states: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, and West Virginia. As more states contemplate joining this list, the Coalitions for Fair Gaming is ramping up its efforts to highlight the potential downsides of such expansion.
One of the main arguments put forth by the group is that online casinos could cannibalize revenues from traditional casinos. They contend that this could lead to job losses in the hospitality and service sectors, which are crucial components of the land-based casino ecosystem. Additionally, the coalition emphasizes the importance of brick-and-mortar casinos as economic engines for their local communities, providing not only jobs but also significant tax revenues.
However, proponents of iGaming expansion argue that online and land-based casinos can coexist and even complement each other. They point to states like New Jersey, where both sectors have shown growth since the introduction of online gaming.
The debate over iGaming expansion is likely to intensify as more states consider legalizing online casino gaming. The Coalitions for Fair Gaming is expected to play a significant role in shaping this conversation, advocating for policies that protect the interests of regional casino operators and the communities they serve.
As this issue continues to evolve, it will be crucial for policymakers to carefully weigh the potential benefits and drawbacks of iGaming expansion. The outcome of this debate could have far-reaching implications for the future of the American gambling industry, affecting everything from state tax revenues to the very nature of how Americans engage with casino gaming.
