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Originally Posted by WAtR
Will be interesting to see the studies on this when they come out, Vegas certainly does seem to have been hit hard. It is possible that is to the benefit of online gambling, with people more eager to avoid the plane/hotel costs while still wanting to gamble.
This. The fact that Vegas is sucking it down does nothing to disprove the "gambling during an economic downturn" argument. Most of the money that goes to Vegas comes from people taking a vacation, spending a pile of money on everything, with casual gambling being a part of that. Those people are NOT compulsive gamblers, just people with some money to burn out to have a good time. THOSE people have scaled back their spending and that is what hurts.
"True" gambling may be as strong as ever, but it's not going to be enough for the lack of casual money in Vegas. Go to any cardroom in California (which is filled with "real" gamblers), and there is action up the wazoo.