CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has released a striking report detailing the negative impact of unlicensed gambling operators on consumer losses in states that legalise online gambling. The study emphasises the regulatory gaps that allow these unlicensed platforms to thrive, often offering better deals than their licensed counterparts.
Key Points
- 74% of online gross gaming revenue (GGR) in the US comes from unlicensed operators.
- States without any legal online gambling report significantly lower consumer losses (0.31% of income) compared to those that have legalised it (up to 1.12%).
- The CFG attorney calls for a complete regulatory overhaul to better manage and control unlicensed gambling.
- Weak enforcement measures are causing the unlicensed market to expand alongside legal gambling services.
- The report categorises states into groups based on their legal status regarding online gambling, revealing differing impacts on consumer finances.
Why should I read this?
If you care about the ethics and regulations surrounding gambling, this article shines a light on major loopholes that could be affecting countless players. It’s essential reading to understand how unlicensed operators are impacting the industry and what it could mean for the future of legal gambling in the US. Save yourself time and get the scoop without going through all the data yourself.
