CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has published a report revealing rising consumer losses in states where online gambling is legal but unlicensed operators thrive. The findings suggest that current regulatory practices are ineffective, allowing unlicensed entities to flourish at the expense of consumers and the integrity of the gambling market.
Key Points
- Unlicensed gambling operators are increasingly providing better bonuses and fewer restrictions, undermining licensed platforms.
- Report categorises US states into those with no legal online gambling, those permitting only online sports betting, and those allowing both online sports betting and casino games.
- Consumer harm is significantly higher in states with legal gambling options, particularly where enforcement against unlicensed operators is weak.
- The average gross gaming revenue (GGR) shows a marked increase in states with both online sports betting and casino games, leading to heightened consumer losses.
- CFG urges an urgent regulatory overhaul to better control unlicensed gambling platforms.
Why should I read this?
This article dives into crucial findings that could impact anyone involved in or affected by the online gambling scene in the US. If you’re curious about how unlicensed gambling operates alongside legal frameworks and the risks it poses, this report is a must-read to stay informed about potential regulatory changes and consumer protections.
