iGaming could grow, but by how much is the question. Retail gaming in a lot of states are exclusively handled by tribal casinos. If these states were to expand to iGaming, would they limit it to just them as well, or would they allow more? Because if it is the same thing as the latter, then they will face a lot of resistance in getting the bill passed.

I think it would. It just needs perfect timing. For example, I don't really expect a lot of laws made on controversial topics since its an election year. So it depends on the political landscape. What I do notice is that every year, there is always a bill being proposed- so the topic is always discussed. Each state will just need to have its local legislators and gaming operators agree on the terms.

Look at how far sports betting has reached since the PASPA repeal, which was way back in 2018. That means we have online sports betting markets that are around 5-6 years old now. Who knows, 5-6 years from now, we could see the same thing with iGaming.