Virginia's iCasino Bills Repeat Michigan's Mistake — And Leave Revenue On The Table [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Yahoo! Finance
gaming , the vehicle as it stands today will create a market structure that leaves a lot of money on the table — for the state, in-state casinos, and online operators. Thi results directly from the borrowing of restrictive branding language contained in Michigan's Internet Gaming Act Both the House and Senate are considering bills that would allow each of the commonwealth's five licensed brick-and-mortar casinos to obtain an internet gaming operator license, opening the door to regulated iCasino, a process that may require passage of the bills again in 2027 to effectuate them. The bills would also implement some notable restrictions around branding/brands used. As I wrote last year regarding the importance of multi-brand strategies in online casino legislation, brand flexibility is a critical component of maximizing taxable revenue in any regulated market. Virginia's proposed framework, while a positive step, risks repeating a structural limitation that has narrowed the potential
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