It is estimated that only 1-3% of sports gambling activities are taken into account from the Nevada Sports books and quite a few of the betting is the illegal gambling in sports. The FBI estimated in 1998 this illegal sports gambling was a business worth billions of dollars.
Illegal gambling in sports includes different types of activities. Many of these illegal bets on various sporting events are placed with sportsbooks or bookies. Online gambling is an extremely popular method of gambling. Other sports activities are the ones that happen to be 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 set up organized bookmaking around the nation. Emphasis was on horse racing during those times. 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 which were operated by mobsters.
In the 1950s the federal government came down hard on organized crime and forced the mobsters out from 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 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 regarding 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 of the Constitution, claiming that readers just want to learn or find out about teams favored to be winners rather than for betting.
Other illegal gambling in sports involves animal fights that take place in America regardless of the unsavory reputation it’s got. These staged fights involve animals such as dogs that are trained and bred for this purpose and male chickens. This type of animal fighting is normally within the rural areas but city police reports on dog fighting and cockfighting have increased and also this sport has become the rage among gangs in the street. This kind of illegal sports betting activity is a great problem for the authorities due to the weapons and large amounts of hard cash present at the fights.
The issue of illegal gambling in sports is really a matter of grave concern. Minnesota laws make any type of wager or bet illegal. It is best if the gambler finds out all the laws relating to sports gambling in his state or area before placing bets on a sporting event. Many states declare sports betting as illegal in the US excluding Nevada, Montana and one or two additional states.