eGaming Review December 2013 | Page 46

COMING TO AMERICA STATE IOWA STATUS: POPULATION (M) 3M MARKET SIZE ($) 800 700 600 500 400 300 200 100 0 GDP PER CAPITA (000s) $49.1 SOURCE: EILERS RESEARCH, LLC $54 “We are expanding egaming in the US based on an opinion from the Obama administration, but the Department of Justice opinion can be revised at any time,” says Porter. “Each White House has its own agenda with unlimited reach. Today we only have a DOJ opinion that can be revisited anytime. If the Romney camp had won the White House, I doubt we would have seen the current opinion of the Wire Act as written. I believe the industry is more vulnerable today to negative federal intervention than it has been in 20 years.” Indeed, federal legislation is more delicately poised than many think, and there are plenty of anti-gambling supporters waiting in the wings to get behind a bill scuppering the progress made to do date. The likes of Las Vegas Sands owner and Republican donor Sheldon Adelson would love nothing more than to send European egaming companies packing. Operators, however, can take some solace in the fact that the likelihood of a Democrat administration trying to ban online gambling is slim and with the current House and Senate as divided as it is, egaming may well be the least of their worries. Furthermore as egaming tax revenues become clear – a recent report estimated the New Jersey regulated internet gambling market to be worth around $90m in 10 years’ time – the federal government may not be able to afford to block such valuable revenue streams. “Tax revenue is a significant factor, and as we get deeper into debt, and as the public becomes more aware of the dire debt and deficit situation facing the US, the resistance towards egaming as a source of potential tax revenue will be lessened and there may be more of an appetite to consider this sort of legislation,” Walters says. WHAT NEXT? READ ON TO FIND OUT 44 www.egrmagazine.com