U.S. gambling providers face strong growth
By Jan Altmann, Executive Director, 4asset-management
The global market for gambling doubled between 2002 and 20171. Listed gambling providers are growing despite they are excluded from sustainable portfolios and face high taxes.
A court ruling from May 2018 now puts US providers in a gold rush: The PASPA Act, which had limited gambling to the states of Oregon, Delaware, Montana and partly Nevada, was overruled by the US Supreme Court2. This seems to clear the way not only for casinos in other states, but especially for the US-wide marketing of online gambling.
As the US accounts for almost a third of the global market capitalisation of gambling, a strong boost is expected3.
Performance MVIS Global Gaming Index (TR Net)
About the Author:
Jan Altmann is consultant and contributor to the investment and Fintech industry. He has been instrumental in setting up the ETF business in Europe and worked for many big names as well as small boutiques since then. He provides advice and content about emerging topics like ETF-Investing, digitisation, distribution and industry standards.
The article above is an opinion of the author and does not necessarily reflect the opinion of
MV Index Solutions or its affiliates.
1Stats Global Gambling Market, Statista
2Surpreme Court Ruling, May 14, 2018
3MVIS Global Gaming Index, Factsheet May 2018