Online casino gaming expansion won't mirror sports betting's rapid growth, according to gaming industry veteran Richard Scheutz, CEO of American Bettors' Voice (ABV). Speaking with Deutsche Bank analyst Carlo Santarelli, Scheutz highlighted key differences in the legalization trajectory.

Currently, only seven states permit online casino gaming: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia. This stands in stark contrast to sports betting, which is legal in 38 states plus Washington, DC, with Missouri joining in 2025.

A major obstacle to iGaming expansion is potential cannibalization of traditional casinos. This concern has intensified following Pennsylvania and Michigan's legalization, as data from these markets provides concrete evidence of impact on brick-and-mortar operations.

For 2025, Maryland and Ohio show the most promise for iGaming legislation, while larger markets like Illinois and New York face more significant hurdles. Wyoming is also considering legalization, though its small population limits its market impact.

Regarding sports betting expansion, Scheutz notes that California's path to legalization must involve tribal casino operators, unlike previous failed attempts. In Texas, sports betting's future may depend on broader casino expansion efforts, led by Las Vegas Sands interests, though significant political obstacles remain, particularly from Lt. Gov. Dan Patrick.

Texas represents a more attractive market for operators compared to California, as it would likely offer a more competitive environment without tribal gaming requirements. However, meaningful expansion in either state faces considerable challenges in the near term.

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