Internet gambling in the United States is off to a slower start than many had imagined, but regulators and industry observers expect it will flourish in time.
This may sound surprising, but more Americans would prefer to legalize marijuana for recreational use than online gambling, according to the most recent national survey from Fairleigh Dickinson University's PublicMind.
Lawmakers from both parties are introducing legislation that would ban online gambling. The unveiling of the bills sets the stage for an uncertain battle in Congress.
Morgan Stanley lowered its estimate of the U.S. Internet gambling market on Tuesday to $3.5 billion by 2017, down from a previous forecast of $5 billion.
The growth of New Jersey's Internet gambling slowed somewhat in February, with the Atlantic City gambling web sites posting a nearly 9 percent increase for the month.