A new report has shed light on the staggering financial potential that states without legal iGaming are missing out on. According to the report from PlayUSA, states that have yet to legalize online gambling are losing out on billions of dollars in potential revenue each year.
The report highlights the success stories of states that have embraced iGaming, such as New Jersey, Pennsylvania, and Nevada. These states have seen a significant increase in revenue since legalizing online gambling, with billions of dollars in revenue generated from online casinos and sports betting.
In contrast, states that have not yet legalized iGaming are missing out on a lucrative source of income. The report estimates that states without legal online gambling are losing out on an average of $60 billion in potential revenue each year.
“It’s clear that states without legal iGaming are missing out on a huge opportunity to generate significant revenue,” said Steve Ruddock, lead analyst for PlayUSA. “The success of states like New Jersey and Pennsylvania shows that there is a strong demand for online gambling, and states that continue to resist legalization are leaving money on the table.”
The report also highlights the potential benefits of legal iGaming beyond just revenue generation. Legalizing online gambling can create jobs, boost tourism, and provide a safe and regulated environment for players. In addition, legal iGaming can help to combat black market gambling and protect consumers from fraud and other illegal activities.
As more states consider legalizing online gambling, the report serves as a compelling argument for the financial benefits of embracing iGaming. With billions of dollars in potential revenue at stake, states that have yet to legalize online gambling may soon find it difficult to ignore the financial incentives of legal iGaming.