It’s estimated that only 1-3% of sports gambling activities are accounted for in the Nevada Sports books and the majority of the betting is 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 consists of various kinds of activities. Many of these illegal bets on various sporting events are put with sportsbooks or bookies. Online gambling is a very popular method of gambling. Other sporting events are those that are illegal and associated with gambling like dog fighting and cockfighting.
Illegal gambling in sports has been associated 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 also established 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 significant percentage of casino gambling business. Continental Wire Service and Trans America Wire were the two illegal wire services which were operated by mobsters.
In the 1950s the federal government came down hard on organized crime and drove the mobsters out of the casino industry in Nevada. They were then taken over by corporations, and the mob took over the illegal bookmaking business. The majority of illegal books provide bookies that are illegal methods for 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 could be reported only for entertainment and informational purposes but many US newspapers still release betting lines. This practice is defended by way of the Newspaper Association of America as “free speech” under the First Amendment of the Constitution, claiming that readers only want to learn or find out about teams favored to become winners instead of for betting.
Some other illegal gambling in sports involves animal fights that occur in America in spite of the unsavory reputation it’s got. These staged fights involve animals like dogs that are trained and bred for this 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 this sport is the rage among gangs in the street. This type of illegal sports betting activity is a great concern for the authorities due to the weapons and huge quantities of hard cash present in the fights.
The issue of illegal gambling in sports is a question of grave concern. Minnesota laws make any type 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 over a sporting event. Most states declare sports betting as illegal in the US except for Nevada, Montana and one or two other states.