It’s time to end the offshore, illicit market for sports betting and iGaming, and create consumer-protected and transparent online markets in all 50 states.
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STATE OF PLAY: SPORTS BETTING
Legal and regulated online sports betting offers a safe alternative to the illicit offshore marketplace, which continues to flourish in states that haven’t yet legalized online sports betting.
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A new analysis released today by Legal Sports Report, in partnership with the Sports Betting Alliance (SBA), forecasts that $1.71 billion will be legally wagered on Super Bowl 60 nationwide, demonstrating the continued growth of regulated sports betting markets across the United States and the popularity of one of the globe’s most-watched televised events. Legal Sports Report provided the underlying research and analysis used to develop the forecast
IGB October data shows second consecutive month of 15% decline in bets
Illinois’ sports betting industry experienced a pronounced drop in wagering volume this September, marking the first full month under the state’s newly implemented per-wager tax. Data from the Illinois Gaming Board (IGB)
Five million fewer bets were placed in September than in the same month in 2024, according to data from the Illinois Gaming Board�
STATE OF PLAY: ONLINE CASINOS
With only a handful of states where online casino gaming is legal, the vast majority of consumers are betting on unregulated, offshore platforms that provide no verified protections and dodge billions in potential gaming taxes that states could use to fund important community priorities.
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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
By last year, 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
With "online casinos becoming unbelievably prevalent" there are a lot of sites out there that don't follow proper customer protection protocols, IRS Chief Guy Ficco said
"States are losing out by keeping this activity — that is already occurring within their borders — in the shadows.