CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has released a report detailing increased consumer losses in states that have legalised online gambling without effectively regulating unlicensed operators. With analysis from Yield Sec, the study categorises states based on their gambling regulations and highlights a concerning trend regarding financial harms associated with unregulated markets.
Source: CFG Study Raises Concerns about US Offshore Gambling
Key Points
- 74% of online gross gaming revenue in the US comes from unlicensed operators.
- The average GGR from licensed and unlicensed gambling is 0.62% of income, compared to 0.31% in states with no legal gambling.
- States allowing only online sports betting show a GGR per capita of 0.77%, rising to 1.12% in states with both sports and casino legalised.
- The CFG report criticises current regulatory approaches as ineffective, allowing unregulated markets to thrive.
- Legalisation does not diminish unlicensed gambling but rather expands the overall market.
Why should I read this?
If you’re keeping an eye on the developing landscape of gambling legislation in the US, this article is a must-read! It dives into critical revelations about how unlicensed gaming operations are wreaking havoc on consumer safety and financial wellbeing. Now’s the time to get informed and understand the implications of gambling policy adjustments that could affect millions of players.
