President-elect Trump and his team may not focus on implementing new gaming regulations and could take a hands-off approach to the industry, according to Rush Street Interactive CEO Richard Schwartz. Speaking at a recent conference, Schwartz expressed optimism about the potential for gaming expansion under a second Trump term, particularly in the realm of iGaming.
During President Trump’s first term, there were challenges for the online gaming industry, with the Department of Justice pursuing litigation that could have had negative implications. However, Schwartz believes that a second term for Trump could bring about a more favorable stance towards gaming, including iGaming. This could open up opportunities for expansion in the industry in 2025.
Currently, only a handful of states allow iGaming, but Schwartz sees the potential for more states to join in the coming year. He highlighted the profitability of iCasinos, noting that a significant portion of tax revenue comes from these platforms compared to traditional sportsbooks. States like Illinois and New York are being speculated as potential candidates to approve internet casinos in 2025.
While the outlook for commercial gaming operators seems positive under a second Trump Administration, there are concerns about how tribal gaming entities may be affected. Some experts suggest that regulatory conditions for tribal gaming could differ, especially considering the appointment of former North Dakota Gov. Doug Burgum as Secretary of the Interior. Burgum has been hesitant about expanding iGaming, which could present hurdles for tribes looking to venture into online casinos.
Supporters of tribal iGaming argue that the Indian Gaming Regulatory Act (IGRA) allows for internet casinos, as long as wagering takes place on tribal lands and winnings are distributed from those locations. This interpretation could provide a legal basis for tribes to explore iGaming opportunities beyond traditional brick-and-mortar casinos.
Overall, the gaming industry is poised for potential growth and expansion in the coming years, with iGaming playing a significant role in driving revenue and tax generation for states. The regulatory landscape may evolve under a second Trump Administration, presenting both challenges and opportunities for various gaming stakeholders.
