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US Gambling Numbers Downgraded

Industry analysts have downgraded their outlook on internet gambling revenues within the United States after the three jurisdictions that offer legalized betting had lower than projected results.

The biggest downgrade comes from an analyst from Morgan Stanley, who noted: "Estimates change based on market conditions and i-gaming is currently in a state of flux. Once we start seeing other states join the market, we will get a more realistic picture of what the future of i-gaming holds."

Thus far, New Jersey has brought in $28.1 million in online gambling revenue, while Nevada has seen its online poker industry bring in $8.5 million, and Delaware following up with $600,000.

US online gambling was originally expected to haul in $5 billion by 2017, but those numbers have been downgraded to $3.5 billion.