CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) recently published a report highlighting alarming consumer losses in states that have legalised online gambling without adequately addressing the unlicensed market. This report suggests that unregulated operators are thriving due to a lack of enforcement, often providing better bonuses and services than licensed counterparts.
Key Points
- The report categorises US states based on their online gambling laws: those with no legal online gambling, those with only online sports betting, and those with both online sports betting and casino games.
- Consumer gambling losses in states with comprehensive online gambling policies can be three times greater than those without.
- A staggering 74% of online gross gaming revenue (GGR) in the US is directed towards unlicensed operators.
- The CFG highlights a significant regulatory gap that allows unlicensed platforms to flourish at the expense of the regulated industry.
- States like New York and Florida are experiencing rising losses due to partial legalisation, while states that permit both sports betting and casino games have a more controlled market.
Why should I read this?
If you’re concerned about the current state of online gambling regulations in the US, this report shines a light on some serious issues. It’s crucial for consumers and policymakers to understand how unregulated markets are not only thriving but also jeopardising the safety and integrity of legal gambling. This is your chance to get the lowdown on an urgent call for regulatory changes that could impact the industry.
