Campaign for Fairer Gambling report estimates $2.9bn in illegal betting losses
A report released by the Campaign for Fairer Gambling and Yield Sec estimates that New York and New Jersey lost a combined $2.9bn in mobile sports betting revenue to illegal operators in 2023. The report puts total lost online revenue, including internet casino gaming, at $7.07bn across the two states and estimates nearly $40.92bn in illegal-operator winnings across its broader analysis.
The estimates frame the potential tax revenue and legal-market impact of illegal online gambling in the two states.