Illegal gambling in U.S. amounts to $511 billion according to AGA
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According to the American Gaming Association, illegal and unregulated gambling in America is worth $511 billion annually. State governments lose $13.3 billion in tax revenue each year.
Illegal gambling in U.S. amounts to $511 billion. Illegal competition costs the legal gaming industry $44.2 billion in annual revenue. AGA President and CEO Bill Miller calls illegal gambling a scourge on society.
Illegal gambling in U.S. amounts to $511 billion according to AGA report. Commercial or tribal casino gaming is legal in 42 states, iGaming is illegal in six states and sports betting is allowed in 36 states. AGA provides the breakdown of the costs of illegal revenue for each wagering category.
Illegal sports betting operators take around $3.8 billion away from the gaming revenue and $700 million in state taxes. AGA estimates illegal operators are taking around 40 percent of the U.S. sportsbetting market value. Legal sports gambling has already expanded to 36 states.
Illegal iGaming websites collected $337.9 billion with illegal wagers. It is a $3.3 billion loss in state tax revenue. The illegal market's estimated revenue is $13.5 billion. iGambling is legal in six states.
Illegal gambling in U.S. amounts to $511 billion. There are 580,651 unregulated "skill machines" in the U.,S., compared to 870,000 regulated slot machines in casinos. 40% of all gaming machines are not licensed.
AGA President calls for action to root out illegal and unregulated gambling market. AGA estimates that illegal gambling in U.S. amounts to $511 billion.
