It’s estimated that only 1-3% of sports betting activities are accounted for in the Nevada Sports books and the majority of the gambling is definitely the illegal gambling in sports. The FBI estimated in 1998 that this illegal sports gambling was an industry worth billions of dollars.
Illegal gambling in sports includes various kinds of activities. Most of these illegal bets on different sporting events are placed with sportsbooks or bookies. Internet gambling is an extremely popular means of gambling. Other sports activities are the ones that are illegal and associated with gambling like dog fighting and cockfighting.
Illegal gambling in sports has been connected with organized crime for a long time in America. In the 1920s and 1930s illegal sports gambling was a business for gang mobsters and they set up organized bookmaking across the nation. Focus was on horse racing at that time. Nevada legalized casino betting in 1931 and here too organized crime managed a major percentage of casino gambling business. Continental Wire Service and Trans America Wire were the two illegal wire services that were operated by mobsters. see Source site.
In the 1950s the government came down hard on organized crime and forced the mobsters out of the casino industry in Nevada. They were then taken over by corporations, and also the mob took over the illegal bookmaking business. Most illegal books provide bookies which are illegal ways of spreading risks on wagers.
The act of transmitting wagering and gambling information and details across state lines for either taking or placing bets is recognized as illegal. News details concerning point spreads may be reported only for entertainment and informational purposes but a majority of US newspapers still release betting lines. This practice is defended by the Newspaper Association of America as “free speech” under the First Amendment in the Constitution, proclaiming that readers only want to learn or find out about teams favored to become winners instead of for betting.
Other illegal gambling in sports involves animal fights that occur in the US regardless of the unsavory reputation it has. These staged fights involve animals such as dogs that are trained and bred for this specific purpose and male chickens. This sort of animal fighting is usually within the rural areas but city police reports on dog fighting and cockfighting have increased and this sport has become the craze among gangs in the street. This type of illegal sports betting activity is a great concern to the authorities because of the weapons and large amounts of hard cash present in the fights.
The matter of illegal gambling in sports is a matter of grave concern. Minnesota laws make any sort of wager or bet illegal. It’s advisable if the gambler finds out all of the laws associated with sports gambling in his state or area prior to placing bets on a sporting event. Most states declare sports betting as illegal in the United States except for Nevada, Montana and one or two additional states.