US: I-gaming to be USD 8 billion industry by 2020

Total online and mobile win for February was us$ 11.29 million, with New Jersey contributing us$ 10.3 million, Nevada us$ 824,000 and Delaware us$ 170,000.

Since online gambling launched last year in Nevada, with New Jersey and Delaware following suit later, over us$ 37.2 million in revenue has been recorded, made up of us$ 8.5 million from online poker in Nevada, us$ 28.1 million from New Jersey and us$ 600,000 from Delaware.

The slower return on investment prompted companies like Morgan Stanley to recently revise downward their initial estimates of the size of the US market, but there is still optimism regarding the development of the industry and its future medium to long term success in the United States.

The original assessment that the market would be worth us$ 5 billion by 2017 was downgraded to us$ 3.5 billion, which has been to some extent validated by New Jersey’s results as the biggest region in the nascent field, which in the first two months of 2014 has generated us$ 19.7 million in revenues.

In a tweet earlier this week, independent analyst Adam Krejcik of Eilers Research drew a comparison between social online gambling and conventional remote gaming, noting that the social genre epitomised by IGT’s Double Down Casino alone generated us$ 64.8 million in the last quarter, whilst to date all remote gaming revenues have totalled us$ 37.2 million.