Customers place bets during the NCAA March Madness at Boyd Gaming’s Orleans Race and Sports Book on March 17, 1022.(Jeff Scheid/The Nevada Independent) Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada.
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Boyd Gaming CEO Keith Smith predicted it could take up to eight more years for Nevada to legalize online casino gaming. However, he believes the activity will expand beyond the six states that offer real-money internet versions of slot machines and table games through computers or mobile devices.
“I think it’s inevitable that over the course of time, just like states have adopted online sports betting, online casinos will also be adopted,” Smith said in an interview following Boyd’s first-quarter earnings conference call last month.
The company, through a partnership with sports betting and online gaming giant FanDuel, operates online casinos in Pennsylvania and New Jersey.
However, Smith cautioned that online casino legalization likely won’t have the same fervor as sports betting, which is now legal in more than 30 states after a 2018 U.S. Supreme Court decision.
“I don’t think it will roll out as quickly as sports betting rolled out,” Smith said. “But I do think that you will see it continue to expand over the next five, six to seven years in a lot more states.”
Smith said Nevada “is a complicated story,” given that the state had 446 gaming non-restricted casino gaming licenses as of March. Other states have fewer licenses and are restricted to a limited number of casinos. Pennsylvania, where Boyd operates Valley Forge Casino, has only 15 casinos.
“It’s going to take a very careful conversation,” Smith said of Nevada. He said online gaming legislation needs to protect jobs and the billions of dollars invested into physical casino operations.“At the same time, we need to recognize that online gaming is something that isn’t going away,” Smith said.Nevada legalized […]