"We have always known that the illegal and unregulated market is expansive, but this report illuminates just how pervasive it is."Īccording to the study, bookies and offshore operators take in $63.8 billion in illegal sports betting wagers, accounting for only 12.4% of overall illegal gaming activity. "Illegal 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, education, and more," said AGA President and CEO Bill Miller. That amount of unregulated wagers placed with bookies, illicit offshore operators, and unlicenced slots or table game machines translates to $44.2 billion in lost revenue for legal sports betting operators - and $13.3 billion in lost tax revenue in those states which have legalized gaming. A new report released today by the American Gaming Association (AGA) estimates that the level of illegal betting activity in the U.S.
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