CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has published a report highlighting increasing consumer losses in states that legalise online gambling while failing to address the unlicensed market adequately.
Key Points
- CFG’s report notes that consumer harm rises significantly in states where online gambling is partially or fully legal, particularly with lax enforcement against unlicensed operators.
- The analysis splits US states into three regulatory groups based on their online gambling laws: legal, partially legal, and illegal.
- Nationally, online gambling revenue averages 0.62% of income, with states without legal online gambling at just 0.31%.
- 74% of online gaming revenue in the US comes from unlicensed operators.
- The CFG urges a regulatory overhaul to protect consumers and improve market integrity against unlicensed platforms.
Why should I read this?
If you’re even remotely interested in gambling trends, this article is a must-read! The analyses of consumer losses and the insights into unregulated operators reveal critical gaps that could affect both casual players and serious gamblers alike. Plus, it’s high time we understand how these unlicensed platforms could be harming the integrity of the gambling market!
