Gamers seek crackdown on estimated $300 billion illegal gambling market
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Penn Entertainment CEO Jay Snowden is concerned about the growing illegal gambling market. He visited Pennsylvania communities to investigate reports of illegal slot machines. American Gaming Association wants to crack down on illegal, online sportsbooks and casinos and unregulated “skill game” slot machine. Americans wagered more than $300 billion annually through illegal and unlicensed websites and slot Machines. Illegal gambling costs communities an estimated $4 billion in taxes annually. AGA CEO Bill Miller said the trade organization will double down. taking on the illegal market is one of three initiatives for the industry over the next 12 months.
Miller and Snowden are calling for the elimination of illegal gambling. Pennsylvania offers online sports betting in the Canadian province of Ontario. Miller and Edward Snowden want to focus on the illegal market. They want the gaming industry to fight illegal operators. They also want policymakers to strengthen laws and close loopholes. The gaming community is ready for a fight. Bovada, MyBookie and BetOnline are among the brands that Miller criticizes. He also calls out the technology companies that provide access to illegal gaming platforms.
