CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has unveiled a report that reveals alarming trends in consumer losses across states that legalise online gambling without sufficient regulation. The study highlights significant consumer harm particularly in states with little enforcement against unlicensed operators.
Key Points
- States with legalised online gambling see a rise in consumer losses, especially without strong regulatory frameworks.
- The report categorises states into three groups based on their online gambling laws, revealing a stark contrast in gambling-related income losses.
- States without any legal online gambling experience much lower consumer losses than those with partial or complete legalisation.
- 74% of Gross Gaming Revenue (GGR) in the US is channelled to unlicensed operators, affecting licensed providers.
- The CFG recommends a comprehensive regulatory overhaul to tackle unlicensed gambling effectively.
Why should I read this?
If you’re involved in the gambling industry or just curious about the implications of online gambling regulations, this article is a must-read. It highlights the critical state of consumer protection in an evolving market, drawing attention to a growing unregulated sector that could affect everyone from players to policymakers.
