Industry Analyst Optimistic About Legalized U.S. Internet Gambling

A highly regarded gambling market analyst for Deutsche Bank has voiced his optimism that individual states will begin legalizing online gambling in 2013 in the wake of a lack of federal action on the matter.

Andrew Zarnett is suggesting that internet gaming legislation is more likely to occur on a state-by-state basis, and recommends that industry investors should begin shifting their thinking to reflect this. He notes the actions taken by Nevada, saying that once one state begins allowing real money play, that other states will follow suit.

The opinion comes during a time when federal politicians are operating in a lame duck session of congress, during which a federal online poker bill may or may not be introduced. The bill is controversial, with various groups split on supporting and criticizing the bill's language.