$9.5B in Illegal Gambling Coming From New York, New Jersey, Minnesota: Report

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.

Source: Gaming Daily Report (gamingdailyreport.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK Gambling Commission Introduces Stricter Regulations to Halt Rise of Problem GamblingNew checks will focus on players who might be spending more than their annual or monthly salaries on gambling.
Source: Covers - 🏆 341. / 59 Read more »

Gamble Aware Pushes for Health Warnings on AdsThe UK’s leading independent gambling harm charity has called for health warnings on gambling advertisements.
Source: Covers - 🏆 341. / 59 Read more »

Ex-interpreter for Shohei Ohtani to plead guilty in illegal gambling caseThe former interpreter for Los Angeles Dodgers star Shohei Ohtani has agreed to plead guilty to bank and tax fraud in a sports betting case.
Source: 13WHAM - 🏆 256. / 63 Read more »

Over a dozen illegal gambling machines found in EnterpriseThe announcement is set to begin at 11 a.m.
Source: WTVYNews4 - 🏆 590. / 51 Read more »

‘Operation Las Vegas’ nets 16 illegal gambling machinesA team in Brazil’s Rio Grande do Sul state on Thursday morning rescued a horse that had been stranded on a rooftop by the massive floods, providing a dose of hope to a beleaguered region. The horse, dubbed Caramelo by social media users because of its tawny fur, was first spotted by a television news helicopter the day before.
Source: dothaneagle - 🏆 337. / 59 Read more »

Longtime Mariners' Nemesis in Legal Trouble Due to Illegal Gambling RingFormer Los Angeles Angels' infielder David Fletcher, who has long been a Mariners' nemesis, is in hot water with Major League Baseball and with the legal system after being wrapped up in the same illegal gambling ring that took down Shohei Ohtani's...
Source: SInow - 🏆 273. / 63 Read more »