Friday, July 6, 2018

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First mover states came out of the gate at a full sprint Several states jumped at the opportunity presented by the OLC opinion, and by 2014 online poker, casino and lottery had gained a foothold in the US. Unfortunately, the frenetic pace quickly subsided. Overblown revenue estimates , some early technical issues and enthusiastic opposition were all contributing factors. After three years without a legislative victory,  online gambling was at a standstill. Until DFS forced legislatures into action. In 2015 daily fantasy sports became a mainstream product. DFS ads were everywhere, so the mini-scandal in the fall of 2015 all but forced legislatures into action. DFS legislation breezed through legislatures that are normally resistant to gaming expansions. Less than three years after the scandal, no less than 18 states have legalized DFS. The bad news was DFS pushed online gaming bills to the backburner.

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