Price Waterhouse Coopers did that exact study last year:
The "Final Answer": $52 billion could be generated for the US over the next 10 years.
I'm sure Barney Frank will be mentioning that study when he introduces his bill (to overturn the UIGEA) next week.
Meanwhile, I was reading through PartyGaming's Annual Report just now, and there is some pretty interesting stuff in there. Specifically regarding this issue, they believe the US will look to license and regulate online gambling in "the next few years."
Of course, licensing and regulating is still a ways away, but IMO, the UIGEA could be overturned (or a carve out for poker, etc) significantly before then.
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