A report released by the Campaign for Fairer Gambling and Yield Sec claims the New York and New Jersey mobile sports betting markets lost a combined $2.9 billion in revenue to illegal operators 2023.
Both states surpassed $1 billion in total sports betting revenue in 2003, with New York leading the country with close to $1.7 billion in operator winnings and New Jersey edging over the $1 billion mark. The report claims the two states lost a combined $7.07 billion in online revenue last year, nearly 20% of the $40.92 billion the groups estimate was won by illegal operators from both mobile sports betting and internet casino gaming. The report also included Minnesota in its primary sample set and claimed it lost $2.4 billion in total online revenue as the state has neither mobile sports betting nor online casino gaming available.
“The dominance of illegal online gambling operators remains unchallenged, despite the expansion of legal gambling,” said Campaign for Fairer Gaming founder Derek Webb. “Sector-friendly legislation, regulation, and tax rates have not made much of a dent. Despite wildly different legal regimes, these three states continue to accommodate over 800 illegal operators, who operate with zero regard for state law.
“This is one reason why we need federal involvement in the oversight of online'gambling. We are eager to equip policymakers with real, reliable data, so that we can have more informed, balanced debate, and ultimately smarter'gambling'policy,” Webb added.