Illegal gambling: US players bet $511bn per year

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Illegal gambling nets $9.5 billion from New York, New Jersey, and Minnesota, according to a new report

The Campaign for Fairer Gambling (CFG) has found that $9.5 billion from New York, New Jersey, and Minnesota is raked in by illegal gambling. The CFG and technical intelligence provider Yield Sec (YS) report highlights the massive amounts that black market gambling can accrue. The black market for gambling is a huge issue for legislators and…

Law ・ 04 June 2024

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Online Casino Taxes: How Governments Benefit from Regulated Gambling

Online gambling has exploded in popularity over the past two decades, with revenues expected to exceed $23.03 billion by the end of this year. As more countries legalize and regulate online casinos, governments are able to benefit from taxing these operations. Taxes on regulated online gambling provide governments with substantial revenue while…

Law ・ 06 May 2024

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ATG flags ‘alarming’ increase in illegal Swedish gambling

Data published today (23 November) by ATG shows channelisation rates for regulated online gambling in Q3 was between 70% and 82%. This rate refers to the igaming market as a whole but fluctuates for different gambling types. Online sports betting had a channelisation rate of 88% in Q3, whereas online casino was lower at 74%. ATG added that…

Finance ・ 23 November 2023

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New study: half of all German players still using black market

The study was commissioned by the German Online Casino Association (DOCV) and the German Sports Betting Association (DSWV). It was authored by economist Gunther Schnabl of the University of Leipzig. The report states that the State Treaty on Gambling, which came into force in July 2021, is missing its key target of ensuring that all online gaming…

Law ・ 21 November 2023

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iGaming Brazil

Report shows 85% of Ontario gamblers are on regulated gambling sites

A new report conducted by research firm Ipsos, and commissioned by the Ontario Alcohol and Gaming Commission (AGCO) and iGaming Ontario, has revealed that over 85.3% of players are gambling at regulated gambling sites in the region. The research, conducted a year after the launch of Ontario's online gambling market, shows "the considerable success…

Gambling Sites ・ 11 April 2023

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AGA President and CEO Bill Miller seeks a crackdown against illegal gaming operators in speech in Las Vegas

A panel of gaming industry experts on Sunday discussed the challenges of targeting illegal operators nationwide, after the American Gaming Association's leader appealed for a crackdown. AGA President and CEO Bill Miller said several days earlier that illegal gaming operations have become the biggest - and costliest - challenge to legal gaming in…

Law ・ 13 December 2022

Casino Guru

Americans spend $500bn on illegal gambling annually

Long overdue, the American Gaming Association has issued a new report on the state of the illegal gambling industry in the United States at a time when and the District of Columbia have legalized their betting activities, and at least five states in the country are pending launches, along with six or so states that presently allow online casino…

Law ・ 03 December 2022

Vegas Slots Online

Americans Illegally Gamble Half a Trillion Dollars Annually

A new American Gaming Association (AGA) report reveals that Americans illegally gamble about $511bn every year. The report, published on Wednesday, says that state governments miss out on about $13bn of potential tax revenue from this gambling activity each year. Legal operators also miss out on annual revenue of $44bn, which was almost half of the…

Law ・ 01 December 2022

Sigma

U.S. illegal gambling robbing states of $13.3b tax annually: AGA

Americans are gambling about $511 billion a year on illegal websites, robbing state governments of about $13.3 billion in tax a year, according to a report from the American Gaming Association (AGA). It said that the illegal industry also costs the legal gaming sector $44.2 billion in annual revenue, which is almost half of the total revenue…

Law ・ 03 December 2022

iGaming Brazil

New AGA report shows Americans gamble more than half a trillion dollars illegally each year

Americans spend an estimated $511 billion a year on illegal and unregulated sports betting, iGaming sites and so-called "gaming of skill", according to a new report from the American Gaming Association (AGA). Illegal betting'stole' $13.3 billion in tax revenue from state governments in 2022, nearly $2.5 billion more than legal operators in 2021…

Law ・ 05 December 2022

Yogonet

Americans gamble an estimated $511B illegally each year, according to new AGA report

Americans gamble more than half a trillion dollars illegally each year, according to a new American Gaming Association (AGA) report. Bettors gamble an estimated $511 billion yearly with illegal and unregulated sportsbooks, iGaming websites and so-called "skill games," with predatory operators costing state governments about $13.3 billion in lost…

Law ・ 01 December 2022

World Casino News

Illegal gambling in U.S. amounts to $511 billion according to AGA

According to the American Gaming Association's latest report, an estimated $511 billion is the annual turnover of illegal and unregulated gambling in America. These illegal sportsbooks, iGaming websites, and unregulated casinos deprive state governments of $13.3 billion in tax revenue each year. Illegal revenue estimates: This presumed tax revenue…

Law ・ 05 December 2022

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Gambling News

AGA Worried with the Size of Illegal Betting and Gaming Market

A survey of 5284 US adults conducted on behalf of the American Gaming Association (AGA) revealed that 49% of the bettors who wagered in the past year have placed a bet with an illegal operator and 48% of online slots or table game players have played with an illegal online casino. Stunned at the size of the illegal gaming market in the US, the AGA…

Industry ・ 30 November 2022

Street Insider

New AGA Report Shows Americans Gamble More Than Half a Trillion Dollars Illegally Each Year

Predatory Operators Cost State Governments $13.3B in Lost Taxes WASHINGTON, Nov. 30, 2022 /PRNewswire/ -- Americans gamble an estimated $511 billion each year with illegal and unregulated sportsbooks, iGaming websites and so-called "skill games," according to a new report from the American Gaming Association.This illegal wagering robs state…

Law ・ 05 December 2022

The Nevada Independent

Gamers seek crackdown on estimated $300 billion illegal gambling market

Reports of a growing illegal gambling market consisting of unregulated slot machines in several states concerned Penn Entertainment CEO Jay Snowden enough to look into it. The regional casino operator has 43 properties in 20 states, including the M Resort in Henderson. Seven of those licensed gaming locations are in its home state of Pennsylvania,…

Law ・ 17 October 2022

CNBC

Casino industry urges federal prosecutors to crack down on illegal operators

American casinos, gaming companies and lawmakers are calling on federal prosecutors to crack down on illegal offshore gambling sites that they say are evading consumer protection regulations. The push comes as sports gambling has quickly expanded in the U.S. in recent years, with more than 30 states and Washington, D.C., allowing it. "What maybe at…

Law ・ 30 November 2022

City A.M.

UK's gambling black market has doubled since 2018: PwC

The number of British consumers gambling on unlicensed websites has doubled in the last three years, according to a new study by PwC. The report found a steep rise in customers using offshore websites, despite these platforms being less visible on Google and with little evidence of growing public awareness of black market brands. PwC said this is a…

Incidents ・ 05 February 2021

Gambling

AGA Stance On Online Casinos And Online Poker

In its recent survey estimating the size of the illegal online gambling market, the American Gaming Association (AGA) placed the amount wagered through illegal channels at more than $500 billion. According to the AGA, that half-trillion dollars is taking a $44 billion bite out of the licensed gambling industry. Per the AGA, illegal gambling is…

Law ・ 15 December 2022

Yogonet

UK online black market sees 27M visits in a year; BGC warns over Gambling Review

K Standards body the Betting and Gaming Council has warned about the danger posed by the illegal, online black market as it emerged UK punters visited the unregulated sites 27 million times in a year. A report by PWC revealed that 200000 customers used an unlicensed gambling operator over a 12 month period between 2018 and 2019, staking around 1.4…

Incidents ・ 19 January 2021

Best US Casinos

What You Should Know About Regulated vs Unregulated Online Casinos

The United States' online gambling laws are all over the place. The federal government doesn't deem internet gaming illegal, but they do have a couple of deterring laws on the matter like the UIGEA and Federal Wire Act. States have the authorization to legalize various forms internet gambling, including online casinos within their borders.…

Law ・ 07 May 2021

Card Player

Americans Bet Billions Illegally Each Year, Casino Lobby Says

Americans gamble an estimated $511 billion each year with illegal and unregulated sportsbooks, online casino websites and so-called "skill games," according to a new report from the American Gaming Association. States are missing out on $13.3 billion in tax revenue annually, nearly $2.5 billion more than legal operators generated in 2021 ($11.7…

Law ・ 01 December 2022