It is estimated that only 1-3% of sports gambling activities are accounted for from 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 a business worth billions of dollars.
Illegal gambling in sports consists of different types of activities. Most of these illegal bets on various sporting events are put with sportsbooks or bookies. Internet gambling is a very popular means of gambling. Other sporting events are those that are illegal and linked to gambling such as dog fighting and cockfighting.
Illegal gambling in sports has been connected with organized crime for many years in America. In the 1920s and 1930s illegal sports gambling had been a business for gang mobsters and they also established organized bookmaking around the nation. Focus was on horse racing during those times. Nevada legalized casino betting in 1931 and here too organized crime controlled a significant percentage of casino gambling business. Continental Wire Service and Trans America Wire were the two illegal wire services that were operated by mobsters.
In the 1950s the government came down hard on organized crime and drove the mobsters out of the casino industry in Nevada. These were then bought out by corporations, and the mob took over the illegal bookmaking business. The majority of illegal books provide bookies that are illegal ways of spreading risks on wagers.
The action of transmitting wagering and gambling information and details across state lines for either taking or placing bets is considered illegal. News details regarding point spreads could 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, claiming that readers just 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 take place in the US in spite of the unsavory reputation it has. These staged fights include animals like dogs that are trained and bred for this specific purpose and male chickens. This sort of animal fighting is normally within the rural areas but city police reports on dog fighting and cockfighting have risen and also this sport is the rage among gangs on the street. This type of illegal sports betting activity is a great concern to the authorities because of the weapons and huge quantities of hard cash present in the fights.
The matter of illegal gambling in sports is really a matter of grave concern. Minnesota laws make any type of wager or bet illegal. It’s advisable if the gambler learns all of the laws relating to sports gambling within his state or area prior to placing bets on a sporting event. Most states declare sports betting as illegal in the United States excluding Nevada, Montana and one or two additional states.