Studies on gambling, including online sports wagering, are not rare. They help explain the impact of the sector on the consumer and society at large.
Gambling is not the worst of all evils. In fact, alcohol abuse can be more damaging from a health and financial perspective.
With gambling in the limelight, a study is being undertaken by the International Gaming Institute (IGI) of the University of Nevada Las Vegas (UNLV), with the help of GVC Foundation US, a nonprofit organization that promotes responsible gambling.
The GVC Foundation US is a subordinate entity created by the GVC Global Foundation and gaming operator GVC Holdings.
The purpose is to provide more insight on specific sectors of the gaming ecosystem, including the structure of the US gaming market in order to develop meaningful guidelines for gambling sports integrity.
According to Alan Feldman, Distinguished Fellow in Responsible Gaming at IGI and Chair of the International Center for Responsible Gaming,
“Effective public policy is always best served by an evidence-based approach to its creation.”
To provide the necessary player protections and ensure a stable and well-regulated marketplace, policies should be based on sound research evidence rather than opinion or conjecture.
“It is our hope to contribute to the body of knowledge in this area so the public can benefit from this activity and whatever harms may arise can be minimized.”
The study is timely; sports and online gambling have become hot-button topics over the past couple of years. As the US emerges from the pandemic, more states may be considering legalization to raise needed revenue.
The information contained in this study, to be revealed shortly, will shape how laws and regulations are crafted or online sports betting.
Upon examination of existing operations and impacts, a more substantial report will be disseminated toward the end of 2020.
Of note, IGI as an expert body has a long history of serving the gaming industry, having spent the past 25 years developing research and offering relevant solutions. It provides recommendations to over 50 different jurisdictions worldwide.
The Executive Director of IGI, Bo Bernhard, reveals that “dream teams” have been put together to conduct independent, scientific evaluations of the big questions of the day.
These include the legalization of online wagering and sports wagering in the U.S.
“Research teams from all over the world have been advancing our understanding of the key issues; we look forward to providing a critical evaluation of the research findings to help policymakers make the best decisions possible.”