In this week’s Las Vegas Business Press, I’ve got a piece about how we should be reasonable about our expectations for online gaming:
Online or “interactive” gaming is coming to Nevada, likely in weeks, not months.Theres a great deal of uncertainty over what the advent of online poker will mean to Nevada. And, throughout the country, lawmakers are mulling the possibility of online lotteries, poker, and even sports betting. Some are hoping for instant, dramatic changes. But a glance back at gamblings history shows that change, even when it has been profound, usually happens in incremental steps, not bold, sudden strokes.
I know that expectations are running pretty high, and I’ve heard all kinds of projections about what online gaming will do. But I think that if you look at the past, most gaming innovations take some time to build up critical mass.
In other words, this won’t be balancing the budget in the next biennium.