The United Kingdom’s Betting and Gaming Council (BGC) conducted a study that showed £4.3bn (around $5.72bn) staked on black market gambling. The report found that these avenues to illegally placing bets in Britain were “high awareness, easy to find, and already commonly used.” According to the publication, which considered six thousand individuals and some high-profile operators, £2.7bn ($3.59bn) is placed on black market sites in the UK, and £1.6bn ($2.13bn) is staked in illegal premises in the country. UK betting regulator shocked by black market statistics Frontier Economics delivered the review of black market staking on behalf of the BGC, and CEO Grainne Hurst was surprised by the details. She said, “This shocking report exposes the unnerving true scale of the growing, unsafe, unregulated gambling black market.