The 5 states leaving billions in gambling money on the table
Five states without regulated online gambling forgo billions in potential annual revenue.Summary
California, Texas, Georgia, Florida, and Minnesota are the top five states forgoing billions in potential annual revenue from regulated online gambling, according to a Bodog analysis. Using a benchmark of about $390 per adult based on mature markets like New Jersey and Pennsylvania, the analysis estimates California alone could support a $12 billion market, generating over $1 billion in annual tax revenue. Texas could support $9.5 billion. Despite prohibition, residents still gamble through offshore sites, sweepstakes casinos, and federally regulated prediction markets. The American Gaming Association estimates illegal gaming costs states over $15 billion in lost tax revenue annually. The analysis acknowledges limitations, including tourism, tribal casinos, and neighboring-state access, but concludes that states can ban gambling but not the demand for it.
(Source：ABC17News.com)