They were limited to running simulated iGaming, or online gambling operations without real money.Ĭool. casino operators couldn’t engage in real-money iGaming. This landmark decision gave birth to the iGaming megatrend.įor years, many industry analysts and veterans alike have considered iGaming to be the future of gambling, mostly because the convenience of gambling from home is widely seen as a strong enough value prop to one day make iGaming ubiquitous among gamblers (much as e-commerce has become ubiquitous among shoppers).īut, prior to the overturning of PAPSA, most U.S. states - aside from Nevada, Delaware and Oregon - from engaging in the regulation and taxation of interstate gambling and sports betting. Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act (“PASPA”). On May 14, 2018, the world changed forever when the U.S. It’s time to buy online gambling stocks, because the 2020s will be a decade of hypergrowth for these emerging companies as online gambling and sports betting - otherwise known as “iGaming” - goes from niche to mainstream.
