Moody’s says U.S. gambling revenue reaching bottom
Moody’s Investors Service says that slowing declines in revnue is a sign that the U.S. online gambling industry is reaching a bottom, according to The Wall Street Journal.
Moody’s says that internet gambling revenue will stablize after a few more months of slowing declines. New Jersey, Michigan, Illinois and Iowa have all posted declines in revenue, according to the WSJ.
However, Missouri and Louisiana both posted double-digit gains in online gambling revenue. Indiana also posted a 4.3% gain, the WSJ reports.