![]() ![]() It just looks like a different group of people. If you look at the population bases, it’s typically a very different demographic of users to get them online, or gambling sports versus those who go and spend a lot of time and money at a physical casino. Is there any chance that those forms of gambling will make it harder for these new casinos or existing gambling facilities in New York? New York got into the sports betting business recently and is exploring opening up to online gambling beyond sportsbooks. Does New York risk diluting the gambling market by expanding? What are the potential effects on nearby casinos in different states?įrom a New York perspective, what share is recapturing lost traffic from residents that might be going out of state? I think that’s where it becomes a little bit more tricky to model out what the effects will be, in terms of net-net, what’s the difference for the state? So I think it might be perhaps unreasonable to say that there’s no competitive pressures whatsoever in terms of cannibalization, but it might be more reasonable to take the perspective from a New York state point of view, we think that we’re going to capture as much as we lose, in terms of returning out-of-state traffic in state. ![]()
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