Law

AGA Boss Says $300B Wagered Illegally in the US on Websites and Slot Machines

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Details about the existence of a $300 billion illegal gambling market in the US emerged last week during the Global Gaming Expo in Las Vegas.

Bill Miller, CEO of American Gaming Association, revealed that next month a white paper will be released about an illegal gambling market in the US. AGA estimates that more than $300 billion are wagered annually through illegal and unregulated online and land-based gambling operations by Americans. The AGA released a Stop Illegal Gambling toolkit last month. It's aimed at discouraging the use of illegal, offshore operators.  55% of sports bettors who have placed a bet with an illegally operated operator believed they were using a legal operator.

Illegal gambling costs communities an estimated $4 billion in taxes annually.

Penn Entertainment's CEO Jay Snowden warned that there are thousands of unlicensed gambling machines in Pennsylvania. He also warned about children enjoying such machines. $300B wagered illegally in the US on websites and slot machines, AGA claims.

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