iDEA Growth Statement In Response To Sports Betting Hearing In House Judiciary Committee

WASHINGTON, Sept. 27, 2018 /PRNewswire/ -- In response to today's public testimony on potential concerns about online sports betting and gaming, our independent research and member experience clearly show that mobile entertainment offered within a strict regulatory framework provides significant safeguards for consumers through real-time tracking and age monitoring tools; and that stringent auditing and constant monitoring track and prevent online fraudulent activity.

New Jersey is a prime example of rational regulation of online gaming that has effectively implemented these safeguards. Research in that state definitively shows that online gaming provides significant economic benefits through increased tax revenue and jobs.

Now that the U.S. Supreme Court has ruled that states may decide for themselves whether to allow legalized sports betting within their borders, the online gaming market is poised for large-scale growth. Trying to revive outdated federal restrictions on this flourishing industry ignores the current judicial, regulatory and economic climate.

--Jeff Ifrah, Founder, iDEA Growth

iDEA (iDevelopment and Economic Association) is a 501(c)(3) association which seeks to grow jobs and expand the online interactive gaming business in the United States through advocacy and education. The Association's membership is comprised of national and international businesses with online interactive entertainment platforms operating or considering operating in the United States.

Key Links:

• Commissioned research in New Jersey: https://ideagrowth.org/economic-benefits/
• Model legislation: https://ideagrowth.org/model-legislation-for-online-gaming-and-sports-betting/
• iDEA Growth blog post on subject https://ideagrowth.org/congress-to-hear-testimony-this-week-on-the-subject-of-federal-legislation-of-online-gaming/

SOURCE iDEA Growth

Related Links

https://ideagrowth.org