Supplier News
US – Americans account for 10 per cent of online market
By Phil - 3 October 2013
Americans spent $2.6bn on illegal offshore gambling websites in 2012, generating nearly 10 per cent of the $33bn worldwide online gambling market, according to research released by the American Gaming Association (AGA).
The new research, developed by H2 Gambling Capital, reinforces the critical need for policymakers to safeguard Americans from illegal online gambling operators.
Geoff Freeman, the president and CEO of the AGA. “Americans account for nearly 10 per cent of the global online gaming marketplace at a time when the business is illegal in all but three American states. It is past time for policymakers to put necessary safeguards in place.”
The AGA has long encouraged federal legislation that does three things: (1) sets minimum standards for consumer protection, age verification, responsible gaming and programs to assist those with gambling disorders; (2) creates a regulatory framework for Native American casino operators and (3) provides tools for law enforcement to prosecute illegal operators.
“The alternative to the approach AGA recommends is a state-by-state patchwork of regulations across a borderless Internet where the black market will continue to thrive in states that choose not to pass legislation,” Mr. Freeman said.
