Prediction markets could cost gaming up to $39.4bn a year
KlasRobinson Q.E.D. puts the annual revenue hit at $7.3bn to $39.4bn if prediction markets keep operating nationwide under federal oversight.
The hit
Tribal & commercial gaming could lose between $7.3bn & $39.4bn in annual revenue if prediction markets keep operating nationwide under federal oversight, according to a report from KlasRobinson Q.E.D. due for release soon. Economists James Klas & Matt Robinson previewed the findings during an Indian Gaming Association webinar on Wednesday, SBC Americas reports.
Why it matters
The range itself is the story: a $32bn gap between best & worst case shows how unsettled the stakes are for the gaming industry as prediction markets keep operating under federal oversight.
The record
| Low-end annual revenue loss estimate | $7.3bn |
|---|---|
| High-end annual revenue loss estimate | $39.4bn |
What happens next
Watch for the full KlasRobinson Q.E.D. report, due for release soon.
Sources: Prediction markets could cost tribal, commercial gaming up to $39.4B a year: report
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