Three main states were noted in the CFG report In New Jersey, of the total GGR market, 22% ($996 million) goes to illegal online sports betting and 16% ($719 million) goes to illegal online casino gaming.
New York has injected most of its regulated GRR into the world of illegal gambling. 9% of the profits or $3.4 billion goes to online casino games and a further 27% is illegal online sports betting. Minnesota is the most surprising case, with a staggering $2 billion in unlicensed gaming revenue.
Of these ill-gotten gains, 38%, or $929 million, goes to illegal online sports betting, and 62%, or a whopping $1.5 billion, goes to illegal online casino games.
CFG founder Derek Webb said of the current rules to curb illegal gambling: “Legislation, regulation and tax rates that are relevant to the industry have not been greatly affected. Despite very different legal regimes, these three states continue to be home to more than 800 illegal operators who operate without regard for state laws”
