AGA Worried with the Size of Illegal Betting and Gaming Market
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A survey of 5,284 US adults found that 49% of bettors who wagered in the past year have placed a bet with an illegal operator. 48% online slots or table game players have played with illegal online casinos.
AGA published a report titled “Sizing the Illegal and Unregulated Gaming Markets in the US’s” estimate that Americans spend $511 billion each year gambling with illegal sportsbooks, online casino websites and unregulated gaming machines. AGA estimates that due to illegal gambling state governments have been robbed of $13.3 billion in annual tax revenue.
AGA is worried about the size of the illegal betting and gaming market. US bettors spend $63.8 billion wagering with illegal bookmakers and offshore websites. Legal sportsbooks lose $3.7 billion in gaming revenue and $700 million in taxes. Illegal operations are projected to capture nearly 40% of US sports betting market in 2022.
AGA is concerned about the size of the illegal online gambling market. Americans wager an estimated $337.9 billion with illegal iGaming websites. This is three times the amount of legal igaming market estimated to be $5 billion this year.
