Inside the Dark and Predatory World of Crypto Casinos
Many sites do not have strong identity verification and are able to advertise on social media with little oversight. Tech-savvy young people in the United States can gamble on them using false identities and readily available software to mask their locations, often unbeknownst to their parents.
States Are Raking In Billions From Slot Machines on Your Phone
By last year, [Pennsylvania] was collecting $1.05 billion in taxes from digital casinos, compared with $188 million from sportsbook apps. The revenue from casino games is significant: Pennsylvania’s entire state budget is about $50 billion.
Making legal sports betting more expensive carries big risks for consumer protections
The choice is clear: Illinois can preserve a stable, regulated marketplace by maintaining a tax structure that keeps operators and players in the legal market. Pushing players to bet more and shifting them to the black market are not desirable outcomes for anyone.
NBA Betting Scandal Shows How Legalized Gambling Actually Helps Root Out Corruption
Legalized sportsbooks, and their cooperation with the NBA and law enforcement, are likely a big reason the scheme was uncovered at all.
High taxes are rigging online sports betting against consumers
High taxes push consumers toward offshore and illegal markets. If bettors feel squeezed by bad odds, fees and disappearing perks they may return to the unregulated platforms that are not burdened by punitive regulations.
Balancing Innovation and Risk: The Case of Legalized Sports Betting
Data from the Progressive Policy Institute shows “no sign of a tidal wave of bankruptcies or consumer credit downgrades in states that were early adopters of mobile sports betting.”