It is estimated that only 1-3% of sports betting activities are taken into account in the Nevada Sports books and the majority of the gambling is definitely the illegal gambling in sports. The FBI believed in 1998 this illegal sports gambling was an industry worth billions of dollars.
Illegal gambling in sports consists of various kinds of activities. Most of these illegal bets on various sporting events are placed with sportsbooks or bookies. Online gambling is an extremely popular method of gambling. Other sporting events are the ones that happen to be illegal and associated with gambling like dog fighting and cockfighting.
Illegal gambling in sports has been associated with organized crime for many years in America. In the 1920s and 1930s illegal sports gambling had been 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 managed a major portion of casino gambling business. Continental Wire Service and Trans America Wire were the two illegal wire services that were operated by mobsters.
In the 1950s the government came down hard on organized crime and drove the mobsters out from the casino industry in Nevada. These were then taken over by corporations, and the mob took over the illegal bookmaking business. Most 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 just for entertainment and informational purposes but many US newspapers still release betting lines. This practice is defended by 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 occur in the US in spite of the unsavory reputation it’s got. These staged fights involve animals such as dogs that are trained and bred for this specific purpose and male chickens. This type of animal fighting is usually within the rural areas but city police reports on dog fighting and cockfighting have risen and this sport is the rage among gangs in the street. This type of illegal sports betting activity is a great problem for the authorities because of the weapons and huge quantities of hard cash present at the fights.
The matter 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 bettor finds out all the laws relating to sports gambling within his state or area prior to placing bets on a sporting event. Most states declare sports gambling as illegal in the US excluding Nevada, Montana and one or two additional states.