💰  USA 🇺🇸: the illegal gambling market was valued at USD 97.4 billion

💰  USA 🇺🇸: the illegal gambling market was valued at USD 97.4 billion

The figure comes from a report by Gaming Compliance International, which estimates that 77% of the country's market is controlled by offshore platforms. Meanwhile, the American Gaming Association (AGA) estimated the illegal segment at 53.9%, which is significantly lower. What explains the difference❓ Let's examine it.

🆎 Let's start with the regulated market. Since 2018, legal sports betting and casinos have been progressively authorized in different states. The situation has some similarities to Argentina🇦🇷: due to the country's federal structure, there is no single nationwide regulatory framework, so requirements for operators, licensing, and advertising vary from state to state.

🆎 Unregulated segment: in any case, estimates indicate that this segment is larger than the regulated market. According to research platform Yield Sec, the offshore market share has increased by 45.2% since last year. This growth may be linked, among other factors, to the FIFA World Cup, as well as users' interest in placing bets, receiving bonuses, and avoiding providing personal information during registration and verification processes.

🆎 The difference between estimates of the current size of the illegal market may be explained by differences in research methodologies:

🆎 AGA —an industry organization representing the interests of the regulated sector— conducts direct surveys of consumers and extrapolates the results from representative samples. In this case, the estimate was based on 2,454 respondents.

🆎 Gaming Compliance International, on the other hand, uses keyword searches to identify and assess gaming platforms available to customers throughout the United States, in addition to applying machine-learning techniques.

🆎 According to Yield Sec analysts, the total value of the US gambling market —regulated ➕ unregulated— is approximately USD 125.6 billion.

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