A Publication by the American Gaming Association (AGA) estimated that sport loving people will wager the sum of $95 billion on National Football League (NFL) and college football games this season and vast majority of the total wager will be placed illegally.
Excerpt of the publication reads: on last season’s Super Bowl alone, Americans made $3.8 billion worth of illicit bets – an amount 38 times greater than the total bet legally.
“Illegal sports betting is reaching new heights of popularity in America,” said Geoff Freeman, president and CEO of the AGA. “It’s clear that a federal ban on traditional sports betting outside of Nevada is failing.”
Illegal sports betting is one of four key illegal gambling areas of focus as part of the AGA’s “Stop Illegal Gambling – Play it Safe” initiative, which seeks to distinguish the highly regulated, $240 billion legal gaming industry—which supports 1.7 million jobs and generates $38 billion in taxes across 40 states—from the criminal networks that rely on illegal gambling to fund violent crimes and drug and human trafficking. The initiative is also focusing on black market machines, Internet sweepstakes cafes and illegal online betting.