CFG Study Raises Concerns about US Offshore Gambling
Summary
A new report by the Campaign for Fairer Gambling (CFG) reveals significant concerns regarding the impact of unregulated online gambling in the US. The analysis shows that states with partial or full online gambling legalisation experience higher consumer losses, particularly when enforcement against unlicensed operators is lacking.
Key Points
- The CFG report highlights rising consumer harm in states that have legalised online gambling.
- States with no online gambling law report average losses of 0.31% of income per capita, compared to 1.12% in states with both sports betting and casino games.
- A staggering 74% of online gross gaming revenue (GGR) in the US goes to unlicensed operators.
- Unlicensed operators attract consumers with bigger bonuses and fewer restrictions, heavily undermining licensed providers.
- The CFG calls for a regulatory overhaul to address the inefficiencies in monitoring the online gambling landscape.
Why should I read this?
If you’re into gambling or just looking to understand how unregulated markets can backfire, this article is a must-read! The CFG’s findings highlight the urgent need for reform in the online gambling sector—an issue that affects players across the US. Learn how these dynamics impact the gambling ecosystem and consumer protection—it’s crucial info for anyone interested in the industry!
Source: CFG Study Raises Concerns about US Offshore Gambling
