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.
Recent Testimony
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
Former NJ State Senator Ray Lesniak writes, "Recently legislative proposals have been made to increase taxes on online gaming. Big mistake.
Legal gaming is one of the most regulated industries in the U.S., and the industry itself invests heavily in responsible gaming initiatives to ensure that participants can engage in this activity positively
"The gambling frenzy is mostly about people being free to enjoy themselves
Legal online sports betting in Texas could indirectly generate nearly 8,000 jobs in the state by the time the market were to hit maturity, according to a new study from Eilers & Krejcik Gaming (EKG)
If Amendment 2 passes, Missouri would become the 39th state to legalize sports betting....“It just made sense that the money from taxes will go to help schools,” said Clay County resident Ryan Ault. “That’s a good thing, and people are going over the border to do it anyway. You might as well keep that money here in the state.
"So, for the money that New York State collects in taxes from sports betting companies, where does the money go? A lot of the money goes to funding education.