{"id":1153,"date":"2024-06-05T02:11:31","date_gmt":"2024-06-04T23:11:31","guid":{"rendered":"https:\/\/xxbet-company.com\/new-jersey-new-york-still-hotbeds-of-black-market-sports-betting\/"},"modified":"2024-06-05T02:11:31","modified_gmt":"2024-06-04T23:11:31","slug":"new-jersey-new-york-still-hotbeds-of-black-market-sports-betting","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/ja\/new-jersey-new-york-still-hotbeds-of-black-market-sports-betting\/","title":{"rendered":"New Jersey, New York Still Hotbeds of Black Market Sports Betting"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">\u76ee\u6b21<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/ja\/new-jersey-new-york-still-hotbeds-of-black-market-sports-betting\/#Fed_Oversight_Could_Dampen_Black_Market_Betting_Says_Webb\" title=\"Fed Oversight Could Dampen Black Market Betting, Says Webb\">Fed Oversight Could Dampen Black Market Betting, Says Webb<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/ja\/new-jersey-new-york-still-hotbeds-of-black-market-sports-betting\/#Staggering_Black-Market_Betting_Data\" title=\"Staggering Black-Market Betting Data\">Staggering Black-Market Betting Data<\/a><\/li><\/ul><\/nav><\/div>\n<p>Some form of sports betting, be it online, retail, or both, is live and legal in 38 states and Washington, DC, but broader legalization since the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA) isn\u2019t serving the desired effect of eliminating black-market betting in some states.<\/p>\n<figure aria-describedby=\"caption-attachment-315548\" data-style=\"width: 858px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-315548 size-post-thumbnail-858xAUTO\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/Welcome_New_Jersey-1024x576-1-858x572.jpg\" alt=\"New Jersey iGaming tax online sports betting\" width=\"858\" height=\"572\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/Welcome_New_Jersey-1024x576-1-858x572.jpg 858w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/Welcome_New_Jersey-1024x576-1-430x287.jpg 430w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/Welcome_New_Jersey-1024x576-1-302x200.jpg 302w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/Welcome_New_Jersey-1024x576-1-238x158.jpg 238w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/Welcome_New_Jersey-1024x576-1-194x128.jpg 194w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2024\/03\/Welcome_New_Jersey-1024x576-1.jpg 1200w\" sizes=\"(max-width: 858px) 100vw, 858px\" title=\"\"><figcaption class=\"text-description\">Despite permitting both iGaming and online sports betting, New Jersey is home to rampant black-market betting. The same is true of Minnesota and New York. (Image: NJ.com)<\/figcaption><\/figure>\n<p>Fresh data from the Campaign for Fairer Gambling (CFG) indicate that New Jersey and New York, two of the largest states in terms of regulated sports wagering handle, remain hotbeds of illegal iGaming and sports betting activity. In a new report published by Yield Sec, CFG noted that $40.92 billion in wagers were placed through unregulated internet casinos and sportsbooks with bettors in Minnesota, New Jersey, and New York combining for $9.5 billion of that figure.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>The dominance of illegal online gambling operators remains unchallenged despite the expansion of legal gambling,\u201d said CFG founder Derek Webb in a statement. \u201cSector-friendly legislation, regulation, and tax rates have not made much of a dent. Despite wildly different legal regimes, these three states continue to accommodate over 800 illegal operators who operate with zero regard for state law.\u201d<\/p>\n<\/blockquote>\n<p>To some extent, Minnesota\u2019s high rank on the dubious list is understandable <a href=\"https:\/\/www.casino.org\/news\/odds-shorten-on-minnesota-sports-betting-becoming-legal-in-2025\/\" rel=\"nofollow noopener\" target=\"_blank\">because the state doesn\u2019t<\/a> permit iGaming or sports betting. However, New Jersey permits both forms of wagering and New York is the largest state as measured by regulated online sports betting handle.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fed_Oversight_Could_Dampen_Black_Market_Betting_Says_Webb\"><\/span>Fed Oversight Could Dampen Black Market Betting, Says Webb<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the US, gaming companies typically work most frequently with <a href=\"https:\/\/www.casino.org\/news\/draftkings-flutter-pinched-by-illinois-sports-betting-tax-hike\/\" rel=\"nofollow noopener\" target=\"_blank\">state regulators<\/a>, but CFG\u2019s Webb believes more federal oversight is needed to quash black market betting.<\/p>\n<p>\u201cThis is one reason why we need federal involvement in the oversight of online gambling. We are eager to equip policymakers with real, reliable data so that we can have more informed, balanced debate, and ultimately smarter gambling policy,\u201d he noted.<\/p>\n<div class=\"callout\">\n<p>There is some validity to his claims because one of the most oft-used tactics by gaming companies when it comes to pursuing state-level iGaming and sports betting licenses is telling policymakers and regulators that many residents of their states are already wagering illegally with offshore entities.<\/p>\n<\/div>\n<p>The related selling points are that if the state approves online casinos or sports betting, consumer protection increases, as does tax revenue to the state. However, New Jersey and New York stand in stark contrast to the \u201clegalize to eliminate black market betting\u201d theory.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Staggering_Black-Market_Betting_Data\"><\/span>Staggering Black-Market Betting Data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In Minnesota, an estimated $1.5 billion was directed to unregulated iGaming forums while bettors there allocated another $929 million to illegal internet sportsbooks. Alone, those are concerning statistics, but the concern is amplified when examining New Jersey and New York.<\/p>\n<div class=\"callout\">\n<p>In New Jersey, where both iGaming and online sports betting are permitted, bettors plunked down almost $1 billion with local bookies and illegal online sports betting sites, and another $719 million with unregulated online casinos, according to CFG.<\/p>\n<\/div>\n<p>In New York, where some politicians are pushing <a href=\"https:\/\/www.casino.org\/news\/new-york-igaming-bill-reintroduced-by-sen-joe-addabbo\/\" rel=\"nofollow noopener\" target=\"_blank\">to legalize iGaming<\/a>, residents spent $3.4 billion on unregulated internet casinos and another $1.9 billion on illegal sportsbooks, noted CFG.<\/p>\n<p>The post <a href=\"https:\/\/www.casino.org\/news\/black-market-betting-still-common-in-new-jersey-new-york\/\" rel=\"nofollow noopener\" target=\"_blank\">New Jersey, New York Still Hotbeds of Black Market Sports Betting<\/a> appeared first on <a href=\"https:\/\/www.casino.org\/news\" rel=\"nofollow noopener\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Some form of sports betting, be it online, retail, or both, is live and legal in 38 states and Washington, DC, but broader legalization since the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA) isn\u2019t serving the desired effect of eliminating black-market betting in some states. Despite permitting both iGaming and online sports betting, New Jersey is home to rampant black-market betting. The same is true of Minnesota and New York. (Image: NJ.com) Fresh data from the Campaign for Fairer Gambling (CFG) indicate that New Jersey and New York, two of the largest states in terms of regulated sports wagering handle, remain hotbeds of illegal <a href=\"https:\/\/xxbet-company.com\/ja\/new-jersey-new-york-still-hotbeds-of-black-market-sports-betting\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":1154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/1153"}],"collection":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/comments?post=1153"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/1153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media\/1154"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media?parent=1153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/categories?post=1153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/tags?post=1153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}