CFG Study Raises Concerns about US Offshore Gambling
Summary
The Campaign for Fairer Gambling (CFG) has published a new report analysing the impacts of unlicensed online gambling in states where online gaming has been legalised. It highlights a concerning trend of increased consumer harm in these regions due to inadequate regulation of unlicensed operators.
Key Points
- 74% of online Gross Gaming Revenue (GGR) in the US is generated by unlicensed operators.
- States with no online gambling see significantly lower gambling losses compared to those that have legalised it.
- The report categorises states into three groups based on their online gambling laws, revealing a correlation between legalisation and increased consumer losses.
- The CFG criticises current regulatory strategies as failing to control the unlicensed market, prompting a call for urgent legal reforms.
- States with both online sports betting and casino games report gambling losses that are 3.6 times higher than those without any legal online gambling.
Why should I read this?
If you’re interested in the future of online gambling in the US, this report is a must-read! It lays bare significant risks linked to the offshore gambling market and challenges the current regulatory landscape. You’ll get the scoop on how these dynamics might affect both consumers and the industry at large.
