The Mobile Gambling Business May Have the Most to Lose from Proposed Legislation

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The Mobile Gambling Business May Have the Most to Lose from Proposed LegislationLas Vegas Sands Corp. Chairman Sheldon Adelson remains one of the most vocal anti-online gambling enthusiasts in the gaming world today. While Adelson clearly takes no issue with gambling as a whole, it is the “online” part that is his point of contention.

However, Adelson is not the only to oppose.

While Rep. Jason Chaffetz, R-Utah currently has a bill in Congress designed to restore the America Wire Act (and ban online gambling), a similar bill is likely to be introduced by Sen. Lindsey Graham, R-S.C.

If either of these bills passes, it is not only online gambling that will be revoked, but mobile betting as well. Currently the industry seeing the most growth in mobile betting is the sports betting industry.

As of 2014, Nevada Public Radio reports, Nevada’s sports betting grew to $3.9 billion in revenue, of which mobile played a substantial role in new revenue. In fact, mobile sports betting is so significant that William Hill attributes around 40% of its revenue to mobile betting through smartphones.

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