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YieldSec report estimates illegal US operators generated $40.9bn in 2023

Regulation

A YieldSec report commissioned by the Campaign for Fairer Gambling estimates that 860 illegal operators targeted US customers in 2023, compared with 103 legal operators. It puts illegal operators’ gross gaming revenue at $40.9 billion, against $16.9 billion for legal operators; the report says its estimates draw on proprietary data.

The estimates provide operators and policymakers with figures on illegal-market activity and the report’s stated limits.

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GCI report estimates unlicensed operators earned €91.6bn in EU in 2025

A report by Gaming Compliance International (GCI) for the Campaign for Fairer Gambling estimated that unlicensed online gambling operators generated €91.6bn in gross gaming revenue across the EU in 2025. The report put this at 72% of a €128bn total market and estimated €22bn in lost tax revenue. It also estimated that 6,238 unregulated operators and 17,501 affiliates supported the activity.

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