CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling has released a report in collaboration with Yield Sec, revealing increasing consumer losses in regions where online gambling has been legalised without stringent regulation against unlicensed operators.
Source: CFG Study Raises Concerns about US Offshore Gambling
Key Points
- Consumer harm rises in states with legal online gambling but ineffective regulations.
- 74% of online gross gaming revenue in the US is flowing to unlicensed operators.
- The study categorises states as having no legal gambling, allowing only sports betting, and permitting both sports and casino betting.
- States without legal gambling report only 0.31% of income from losses, which increases in legal states.
- An urgent need for regulatory reforms is emphasised to tackle the unchecked growth of the unlicensed market.
Why should I read this?
If you’re keen on understanding the implications of unregulated online gambling, this article breaks down a crucial report that sheds light on the pitfalls of the current regulatory landscape in the US. It’s essential reading for anyone interested in the future of gambling regulation and consumer protection.
