A study released in January by IDEA Growth, an association that seeks to grow jobs and expand the online interactive gaming business in the United States through advocacy and education, surveyed the concept of remote registration vs. in-person registration to open sports betting accounts.
“In-Person Registration For Online Sports Betting, A Quantitative And Qualitative Analysis” revealed that in-person registration restricts the revenue potential of legal online sports betting, the competitiveness of legal markets, and the tax revenue that flows to state governments.
Some of the findings included that some potential clients (15 percent) would not drive to open an account, while others consider an hour’s drive the outer limits of registration. New Jersey, which permits remote registration, is more than twice as successful as states that do not. And most interesting, in-person registration merely adds to the advantages enjoyed by illegal online sportsbooks when trying to convince bettors to transition to legal sports betting.
To get a full copy of the report, visit ideagrowth.org.