Marijuana and sports betting driving US state revenues
For a very long time, US states have relied on "sin taxes" to increase their revenue. Some governments' revenue compositions have changed as a result of the recent expansion...
Several US regulators urge the DOJ to fight illegal gambling
Seven gambling regulators from the United States have recently written a letter to the country’s DOJ, urging the latter to help in the fight against illicit gambling.
The group of regulatory authorities, which includes those from the states of Michigan, New Jersey, and Nevada, wrote a letter to the DOJ’s attorney general Merrick Garland, asking the department to focus more of its resources on combating illegal gambling.
The letter highlighted some of the risks posed by unlicensed offshore operators, such as their lacking responsible gambling and AML efforts, as well as the loss of tax revenue, both for the states and the federal government.
The authorities also highlighted that illegal gambling companies will not answer to any regulatory body, thus the need for the DOJ to assist in fighting against these illicit operators through leading in terms of enforcement actions.
“In the states where gambling is regulated by the local authorities, users can enjoy safe gambling and sports betting experiences thanks to numerous laws and player protections. Unauthorized gambling regulators do not have any of these protections implemented, and can cause quite a bit of harm to our players. We are eager to work with the DOJ to help enforce the laws of the regulated states on offshore operators.”
stated the Executive Director of the MGCB, Henry Williams.
US sports organizations launch responsible betting campaign
Numerous major US sports organizations, along with several prominent gambling operators, have recently launched a new responsible gambling campaign.The campaign has been...
