It’s estimated that only 1-3% of sports betting activities are taken into account in the Nevada Sports books and the majority of the betting 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 consists of different types of activities. Most of these illegal bets on different sporting events are put with sportsbooks or bookies. Internet gambling is a very popular means of gambling. Other sporting events are the ones that are illegal and associated with gambling like dog fighting and cockfighting.
Illegal gambling in sports continues to be connected with organized crime for a long time in the US. In the 1920s and 1930s illegal sports gambling was a business for gang mobsters and they also set up organized bookmaking across the nation. Emphasis was on horse racing during those times. Nevada legalized casino betting in 1931 and here too organized crime managed a significant portion of casino gambling business. Continental Wire Service and Trans America Wire were the 2 main illegal wire services that were operated by mobsters.
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 bought out by corporations, and the mob took over the illegal bookmaking business. The majority of 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 publish betting lines. This practice is defended by way of the Newspaper Association of America as “free speech” under the First Amendment of the Constitution, proclaiming that readers only want to learn or find out about teams favored to be winners instead of for betting.
Some other illegal gambling in sports involves animal fights that take place in America in spite of the unsavory reputation it has. These staged fights involve animals such as dogs that happen to be trained and bred for this purpose and male chickens. This sort of animal fighting is normally in the rural areas but city police reports on dog fighting and cockfighting have increased and this sport is 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 huge amounts of hard cash present in the fights.
The matter of illegal gambling in sports is a question of grave concern. Minnesota laws make any sort of wager or bet illegal. It is best if the bettor learns all the laws relating to sports gambling in his state or area before placing bets over a sporting event. Most states declare sports gambling as illegal in the United States excluding Nevada, Montana and one or two additional states.