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Research shows iGaming likely to grow total market while reducing land-based casino revenue and jobs, experts say
Summary
Economic experts told the committee iGaming would increase total gaming revenue but likely reduce land-based casino revenues by roughly 15–16%, a shift that could cut labor and ancillary spending; they urged careful fiscal analysis and pre-implementation baseline studies.
The Innovation Group and other economic witnesses told the subcommittee that legalizing iGaming tends to expand total gaming revenue but depress revenue at land-based casinos, producing secondary effects on jobs and local spending.
Brian Wyman, president and CEO of the Innovation Group, summarized the firm's modeling and comparative-state analysis. "iGaming is really largely going to grow the total gaming market. But land based gaming will decline by about…
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