RSI CEO Schwartz: Trump return could boost online gaming industry

[WellerD]

interesting take from Rush Street Interactive's CEO about possible changes in online gaming if Trump returns to office. Says states might get more freedom to decide on gambling laws, no federal restrictions expected. Online casinos made $2B in Q3 2023 alone! Thoughts on how politics affects our industry?

 

[CiViP]

As someone working in compliance, state-by-state approach is nightmare fuel. Different rules everywhere

 

[raw.p]

Politics and gambling always been connected. Let me tell you about casino lobby groups - they're pumping millions into both parties. Been tracking their donations since 2020. Republicans generally favor state rights approach, which could mean easier licensing. But here's the interesting part: tribal casinos are pushing back hard. They've got exclusive deals in many states and want to keep it that way. Last quarter alone, tribal groups spent over $50M on lobbying against online expansion. This could get real messy real fast.

 

[j@[email protected]]

$2B in Q3 is just reported numbers. Offshore probably 5x that easily

 

[kawaii.wok]

trump had casinos right? how'd that work out?

 

[foreverbet303]

bankruptcy after bankruptcy lol. taj mahal was epic fail

 

[DagaW]

States rights could be huge tho. Look at what happened with weed legalization

 

[NON404]

States rights could be huge tho. Look at what happened with weed legalization

@DagaW exactly. some states would jump on this quick

 

[caughtajackpot]

working in NJ gaming, we already seeing crazy growth

 

[I3i11]

wonder how this affects crypto casinos

 

[Man0fHonor]

interstate gaming is where real money at. current system makes no sense

 

[Sappa55]

tribal casinos gonna fight this hard. they got serious lobby power

 

[bono_deux]

anyone remember when trump wanted online poker banned?

 

[Legolas]

market too big to stop now. question is who gets the money

 

[TamaGoBig]

Most Americans still using offshore sites anyway. This might bring them home

 

[Newbie]

can someone explain why interstate gaming is such big deal?

 

[RiddicK]

can someone explain why interstate gaming is such big deal?

@Newbie bigger player pools = bigger prizes. especially for poker

 

[Ev.Lab]

Doesn't matter who wins. Industry gonna keep growing either way.

 

[pokertroll]

maybe we'll finally get proper poker networks again

 

[p@yd@y]

dream on. those days ain't coming back