Unregulated sports betting hurts customers…and states
Unregulated sports betting operators flourish in states where sports betting is not yet legal. These online platforms dodge U.S. laws that ensure consumer protection, age verification, and responsible gaming protections, putting customers at risk and depriving states of millions in tax revenue every year.
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STATE OF PLAY: Sports Betting
Customers deserve access to legal, transparent, and consumer-protected platforms to enjoy sports betting online. That’s why SBA is working to end the offshore, illicit market for sports betting and create a consumer-protected online sports betting market in all 50 states.
We believe customers should have access to the benefits of legal sports betting with consumer protections and responsible gaming tools that do not exist on the unregulated market.
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STATE REVENUE
Sports betting generates $14 billion a year in new tax revenue for states where it’s legal and regulated. Bets made with unregulated sportsbooks cost states nearly the same potential revenue — roughly $13 billion in tax revenue is lost every year that could go to educating kids, building roads, or helping families afford college.
Recent Legislation
LATEST NEWS
One aspect that should not go overlooked is the impact of North Carolina’s online sports betting legalization, leaders said. It’s not hard to see why
Make no mistake, this discriminatory tax increase on legal sportsbooks will be destabilizing for regulated sports betting in Illinois
The potential negative impact on the sports betting industry and the broader economy from Louisiana's House Bill 639, which proposes to increase the tax rate on sports betting in from 15% to 32.5%
A proposed bill on sports betting to significantly increase the tax rate on sports betting in Louisiana could have negative consequences for the industry and consumers. Listen to learn more
Hawaii has the chance to get sports betting right by following the example of many mainland states in creating a strictly regulated and transparent sports betting market that can provide revenue for the state and protections for players
The move has raised many eyebrows, primarily because it could result in a decline in Ohio’s sports betting sector. There are also fears that a surge in betting costs could see sportsbook operators leaving the state and encourage bettors towards using illegal offshore sites