What is the amount of illegal betting on sports betting?

According to a report by the American Game Association, Americans are donating about $64 billion to illegal book sellers, losing $3.8 billion in gaming revenue alone and $700 million in state taxes alone.

Americans are expected to invest up to $100 billion in legal sports betting this year, suggesting 40% of the U.S. sports betting market is simply being taken away by illegal gambling.

The numbers are substantial, and they show more than just the illegal bets themselves. It’s also showing legitimate market movements, with legal sports betting expanding to 36 states and the District of Columbia.

According to the report, 49 percent of people who are good at sports bet against illegal operators last year, but more than half of them believed they were betting legally. 온라인카지노

Does this only happen in the United States?
But the difficulty of creating appropriate regulations and enforcing those regulations regarding sports betting is not a unique U.S. problem. Brazilian President Jair Bolsonaro has refused to sign a sports betting regulation bill in a major South American country.

Bolsonaro opposed moral grounds and said, “Sports betting is not like a game of chance. If gambling is allowed in Brazil, there will be problems. Slot machines cannot be legal.”

“There is a difference between betting and gambling in my opinion. I don’t think Brazil is mature enough to discuss this yet, but Parliament has a duty… As things stand, I will veto it.”

10 thoughts on “What is the amount of illegal betting on sports betting?

Leave a Reply

Your email address will not be published. Required fields are marked *