Regulation

An analyst at Macquarie Equity Research said there is “little evidence” sweepstakes casino operators are cannibalising iGaming revenue. In an investor note, Macquarie analyst Aaron Lee said there are clear similarities between sweepstakes casinos and real-money iGaming, including content, the chance to win cash, as well as advertising channels like affiliates. “However, we believe there is little evidence to suggest that sweepstakes casinos are taking growth away from real-money iGaming as iGaming content is, in our view, a superior gaming experience and growth rates in iGaming states remain strong,” said ...