Super Bowl Illegal bets may top $4 Billion; Itâs time to legalize sports betting
March 26, 2016
One thing is for sure, Las Vegas sports books know that no matter who wins this super match-up it will lead to a super chunk of money wagered on the game. Most states have a casino or two in them where you can wagers on almost anything under the sun. Silver said in a New York Times post.
When you think of how much money could legally be generated from legalizing sports wagering on the “big four” sports (NFL, MLB, NHL and NBA) it is almost comical NOT to legalize it – especially when you look at what people can wager on already today. Even NBA Commissioner Adam Silver said last September at a Bloomberg Sports Business Summit that legal sports gambling throughout the U.S. According to the American Gaming Association, Americans will wager about $3.8 billion dollars illegally on the big game this upcoming Sunday, Feb.
According to a MSN (Bloomberg) report, illegal betting in the U.S. on the Super Bowl could top $4 billion this weekend. is inevitable.
“Sports gaming should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated. 1, the Washington-based casino industry trade group said.
The 2015 Super Bowl match-up is truly one for the ages. Conference of Mayors in Washington.. Legalize sports wagering, tax the players when they win just like any other gaming situation would, and watch the revenue roll in.
Legalizing sports wagering could literally help the US with many financial problems and possibly prevent higher state and national taxes every year for the same things, such as fixing the roads. reported was wagered on the Super Bowl last season, and it has to make sports gamblers across the country shake their heads at why sports gambling isn’t legal in other states. The Patriots and Seahawks are so evenly matched that not many experts are sure who will win the big game this Sunday. Also daily lotteries, Mega Millions, Power Ball and local state run games are everywhere, yet sports seems to be a taboo for one reason or another. Yes, that’s billion with a capital B! If so, that would be almost 38 times more than Nevada casinos typically accept in wagers on the National Football League championship. The AGA is examining if they should extend that option to other states.
Now, compare that to the $119.4 million the Nevada Gaming Control Board.
According to American Gaming Association, you can legally bet on sports in four states – Nevada, Oregon, Delaware, and Montana. Surprisingly, a lot more money will be wagered illegally on Super Bowl XLIX then will be legally, which has to make one think – why isn’t sports gambling legal already?
The AGA is closely examining the current state of sports betting, the laws that govern it and the best way forward for the gaming industry, Geoff Freeman, the AGAs president and chief executive officer, said in e-mailed remarks shared today at a meeting of the U.S