These revenue streams must be shared with partners like sports books and tech platforms and are not solely for the casinos to keep.

She said it remains to be seen how the surge in online and sports betting affect the casinos' overall profitability. 'There will never be a replacement for the in-person gaming experience, and the current relatively flat revenues from brick-and-mortar gaming may be simply evidence of a stable market.” “Rather than diminishing the brick-and-mortar gaming revenues, internet gaming and sports betting seem to be well-received consumer products that are filling a niche for certain gamblers,” she said.

But she views it as complementary to in-person casinos instead of competing with them.