Black Market Gambling in the United States - Video Slots

Watch This Week in Gambling Video: Black Market Gambling in the United States.

Published: Tuesday, December 20, 2022 7:51 PM
Category: This Week in Gambling

📺 We're discussing black market gambling in America, from backroom gaming parlors to illegal sports betting via bookies and unlawful online gambling sites. We speak with Chris Cylke, the Senior Vice President of Government Relations with the AGA, about exactly what constitutes black market gambling from their perspective. As more and more jurisdictions within the United States regulate gambling, including online gambling, there could be consequences for operators, players, and affiliates who participate in these activities.

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Black Market Gambling in the US:
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The American Gaming Association has the data. Even with expanded gambling across the country, black market gambling has not slowed down. Right now, folks in the United States are placing half a trillion dollars a year with offshore online sites, unregulated gaming machines, and even the neighborhood bookie. This according to a new report from the American Gaming Association.

That report showed that black market gambling robs state governments of $13.3 billion in tax revenue annually, nearly $2.5 billion more than legal operators generated in 2021 ($11.7 billion). It also costs the legal gaming industry $44.2 billion in annual revenue, or nearly half of the $92 billion in combined commercial and tribal revenue in 2021.

Black Market gambling is a scourge on our society, taking advantage of vulnerable consumers, skirting regulatory obligations and robbing communities of critical tax revenue for infrastructure, education and more,” said AGA President and CEO Bill Miller. “We have always known that the illegal and unregulated market is expansive, but this report illuminates just how pervasive it is.”

American betting accounts for an estimated $337.9 billion with illegal gambling websites, with a loss of $3.9 billion in state tax revenue. With $13.5 billion in estimated revenue, the illegal iGaming market in the U.S. is nearly three times the size of the legal U.S. iGaming market, estimated to be $5 billion in 2022. With iGaming only legal in six states, nearly half of all Americans have played online slots or table games in the past year have played with black market gambling operators.

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Black Market Gambling in the United States - Video Slots

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