CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has published an alarming report highlighting the rising consumer losses in states that legalise online gambling without adequately tackling the unlicensed market. The study underscores significant weaknesses in the current regulatory framework, revealing that unlicensed operators often offer more attractive deals than licensed ones.
Key Points
- Consumer harm rises significantly when legal online gambling is introduced without enforcement against unlicensed operators.
- The report categorises US states based on their online gambling regulations and shows how this impacts consumer losses.
- States allowing both online sports betting and online casino games experience losses that are 3.6 times higher than those with no legal gambling.
- Approximately 74% of online gross gaming revenue in the US is derived from unlicensed operators.
- CFG calls for an urgent regulatory overhaul to mitigate the harm caused by unregulated gambling.
Why should I read this?
If you’re interested in the future of online gambling, this article is a must-read! It digs deep into how unregulated markets are not just thriving, but also harming consumers in states where gambling is supposed to be safe and controlled. You’ll save time weeding through the stats and get the real picture of what’s going on!
