Investment firm Goldman Sachs has told its clients to expect regulated, legal online gaming in the US sooner rather than later.
Business analysts at the company wrote a note to its investors saying the implications of the potential revenue windfall will cause the passage of regulation. The report noted that by using statistics from PartyGaming, the firm can estimate that the existing poker market alone could generate over USD$1.5bn. Goldman Sachs says the total possible stake for the US annually may be as high as USD$12bn.
After the recent postponement of Barney Frank’s bill to regulate online gaming being pushed back to a September committee hearing, however, analysts also advised that the federal process may still take some time.
