Fight to legalize online gambling continues

US: Zynga revenues may improve with legalized online gaming

2013-06-18
Reading time 48 seg
(US).- Legalization of online gambling in various states of the US may positively impact Zynga shares. Online gambling can bring in millions of users and generate huge revenues for the company. It is anticipated that the revenue collected by online gambling will be much more than what is being spent by US-based gamers.

According to Wikipedia in 2007,  gambling revenues reached us$ 100 billion. These revenues will become even higher once online gambling legalized. The advent of online gambling will not have any adverse affect on traditional casinos. However, it would be a good idea to secure money by easier and more fitting online gambling. 

However, there is still a lot of work to be done to legalize online gambling. There are many companies which are trying to give legal status to online gambling by considering various legal options, as well as lobbying.

The major question which arises is, what would be the profit of Zynga. The online game maker will face stiff competition in the industry, and there could be billions of dollars that would be kept at risk. The firm will mainly face competition from two sides, which would be other players in the online gambling industry and offline traditional casinos and gambling institutions.

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