CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has released a report that raises alarm bells regarding offshore gambling in the US, indicating a rise in consumer losses in states where online gambling has been legalised. The report reveals that unlicensed operators thrive under the current regulatory weaknesses, offering enticing bonuses and fewer restrictions.
Key Points
- Consumer harm rises significantly in states with legalised online gambling, especially where unlicensed operators are prevalent.
- States without any legal online gambling report lower gambling losses compared to those that allow sports betting or casino games.
- Average gambling losses in states allowing both online sports betting and online casino games are notably higher than those without legal online options.
- 74% of online gross gaming revenue (GGR) in the US is channelled to unlicensed operators.
- The report calls for urgent regulatory reforms to effectively address the unlicensed gambling sector.
Why should I read this?
If you’re into gambling or interested in regulatory trends, this study is a must-read! It highlights serious issues plaguing the online gambling landscape in the US, showcasing how current regulations are failing consumers and allowing unlicensed operators to profit. Don’t miss out on the insights—this could shape your understanding of the future of gambling in America!
