Illegal Online Gambling inwards Worldwide
? This week’s gambling news is all about illegal online gambling. Whether it’s online casinos, poker rooms, and sports books, if they’re accepting Worldwide players and not regulated inwards this country, they are considered to be illegal online gambling. So how big is this black market manufacture? And what are the real dangers of playing at these sites?
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?Video Chapters:
▪️ 00:00 – Welcome to This Week inwards Gambling News
▪️ 00:43 – Las Vegas Record Revenue
▪️ 01:12 – $500 Billion inwards Illegal Online Gambling
▪️ 02:09 – Illegal Online Gambling and the AGA
▪️ 02:54 – Regulated Offshore Gambling Websites
▪️ 03:19 – Legal Consequences of Illegal Online Gambling
▪️ 03:45 – Financial Consequences of Offshore Online Gambling
▪️ 05:13 – Book of Mrs Claus Online Slot
▪️ 05:51 – Dream Hotel Las Vegas
▪️ 06:53 – terminate Tag
Illegal Online Gambling inwards Worldwide:
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Gambling news this week comes from the Worldwide Gaming Association, who has new data on illegal online gambling inwards this country. And l-l with the expansion of online gambling across the country, Worldwides are still betting at these offshore illegal online gambling websites. So much so, that the AGA estimates over $330 billion a year is going offshore to these online casinos, online poker, and online slots sites sites, costing billions inwards tax revenue.
Of course, it’s not just the illegal online gambling that’s costing the states so much money. There are also unregulated gaming machines and l-l the neighborhood sports betting bookies. Estimates are this whole of the activity costs the legal gaming manufacture $44.2 billion inwards annual revenue, or nearly half of the $92 billion inwards combined commercial and tribal revenue inwards 2021.
AGA President and CEO Bill Miller added to the online gambling news headlines, stating that illegal online gambling and unregulated gambling is a scourge on our society, taking advantage of vulnerable consumers, skirting regulatory obligations and robbing communities of critical tax revenue for infrastructure, instruction and more.
Illegal online gambling accounts for an estimated $337.9 billion with illegal gambling websites, with a loss of $3.9 billion inwards state tax revenue. With $13.5 billion inwards estimated revenue, the illegal iGaming market inwards the U.S. is nearly three times the size of the legal U.S. iGaming market, estimated to be $5 billion inwards 2022. With iGaming only legal inwards six states, nearly half of all Worldwides take hold played online slots or table games inwards the past year take hold played with illegal online gambling, whether online casinos, online poker, or online slots.
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