U.S. regulated gaming fails to make ‘much of a dent’ in illegal gambling revenue, report finds.
Legal, regulated sports betting and iGaming haven’t made “much of a dent” in illegal wagering revenue, the founder of Campaign for Fairer Gambling says. , the online marketplace intelligence platform found that those three U.S. states produced $9.5 billion in illegal gross gaming revenue. Nearly a quarter of the $40.92 billion generated nationwide by hundreds of illegal online wagering companies came from those three markets alone.
Yield Sec’s report found that $3.4 billion, or 49%, of the Empire State’s total online marketplace goes to illegal online casino gaming while illegal online sports betting made up $1.9 billion, or 27%. Roughly $929 million of the total online marketplace, or 38%, comes from illegal wagering, according to Yield Sec. Illegal online casinos account for $1.5 billion of the unregulated market.
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