Illegal gambling in sports

It’s estimated that only 1-3% of sports gambling activities are accounted for from 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 includes various kinds of activities. Most of these illegal bets on different competitive sports are placed with sportsbooks or bookies. Internet gambling is an extremely popular means of gambling. Other sports activities are those that happen to be illegal and associated with gambling like dog fighting and cockfighting.

Illegal gambling in sports has been connected with organized crime for many years in America. In the 1920s and 1930s illegal sports gambling was a business for gang mobsters and they also set up organized bookmaking around the nation. Emphasis was on horse racing at that time. Nevada legalized casino betting in 1931 and here too organized crime controlled a major percentage 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 federal government came down hard on organized crime and forced the mobsters out from the casino industry in Nevada. They were then bought out 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 action of transmitting wagering and gambling information and details across state lines for either taking or placing bets is considered illegal. News details concerning point spreads could be reported just 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 in the Constitution, proclaiming that readers just want to learn or read about teams favored to become winners instead of for betting.

Other illegal gambling in sports involves animal fights that take place in America in spite of the unsavory reputation it has. These staged fights include animals such as dogs that are trained and bred for this specific 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 risen and also this sport is the craze among gangs on the street. This type of illegal sports betting activity is a great concern to the authorities due to the weapons and huge amounts of hard cash present in the fights.

The issue of illegal gambling in sports is really a matter of grave concern. Minnesota laws make any sort of wager or bet illegal. It’s advisable if the gambler learns all of the laws associated with sports gambling in his state or area prior to placing bets on a sporting event. Many states declare sports betting as illegal in the US except for Nevada, Montana and one or two other states.