A leading gaming consultancy has identified the most significant challenges facing the U.S. gaming industry in 2025, with New York City casino licensing, Texas gambling legislation, and iGaming expansion topping the list.

Pennsylvania-based Spectrum Gaming's annual industry forecast highlights three primary areas of focus:

New York City Casino Licensing:

• Three licenses available, each with a $500 million entry fee
• MGM Resorts and Genting are frontrunners for two licenses
• Multiple major operators competing for the third license
• Empire City Casino and Resorts World seeking transition from racinos to full-scale casinos
• Decision expected late 2025

Texas Gaming Legislation:

• Las Vegas Sands continues lobbying efforts to end casino ban
• Dr. Miriam Adelson's recent Dallas Mavericks acquisition adds momentum
• Biennial legislative session resumes January 2025
• Proposal includes potential NBA arena-casino complex
• Opposition remains strong despite industry push

iGaming Expansion:

• Currently legal in seven states: Connecticut, Delaware, Michigan, New Jersey, Pennsylvania, Rhode Island, and West Virginia
• Industry sees expansion as solution to unregulated sweepstakes casinos
• States weighing economic benefits against regulatory challenges
• Growing focus on online gaming regulation and enforcement

Additional Industry Concerns:

• Online sweepstakes casino controversy
• Historical horse racing (HHR) machine expansion
• Skill gaming terminal regulation
• Sports betting market maturation
• Gaming technology advancement

The industry faces critical decisions in 2025 that will shape its future, particularly regarding market expansion, regulatory frameworks, and technological innovation.

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