A report from the state’s Legislative Services Agency warned of that, citing “loss of tax revenues from displacement of gaming activities at brick-and-mortar casinos and racinos” of $134 million to $268 million a year. One of those states may be Indiana, where an online casino bill died in February due in large part to fears that it would hurt the state’s existing physical casinos. “Online casino has always been a tough sell,” Krafcik said. Krafcik predicted “only a very small number of states” will legalize online casinos by the end of 2027. Another factor is competition from online giants like DraftKings and FanDuel that control nearly half the online casino market in the U.S. However, Chris Krafcik, managing director of the Eilers & Krejcik gambling analytics firm, said some states may be hesitant to forge ahead with internet casinos, which some lawmakers may view as a more serious, high-stakes form of gambling than online sports betting.
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