Many people across the country are excited for the legalization of online gambling. So far, only Nevada and New Jersey have made the controversial decision to allow gamblers to bet online. However, the majority consensus seems to be that it is only a matter of time before more states legalize online gambling. The benefit of increased tax revenue is simply too large for state legislatures to ignore for long.
The potential widespread legalization of online gambling is equally exciting for investors. Many of the major American casino operators are attempting to get in on the ground floor while others are still hesitant and more cautious regarding the new venture.
Will Caesars Entertainment (CZR) and MGM Resorts International (MGM) be able to capitalize on their early and aggressive moves in the space? Will waiting too long hurt larger casinos like Wynn Resorts (WYNN) and Las Vegas Sands (LVS)?
Click here to read my take on which companies stand to benefit the most in the impending online gambling war!