It is estimated that only 1-3% of sports betting activities are taken into account in the Nevada Sports books and quite a few 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 different types of activities. Many of these illegal bets on different sporting events are put with sportsbooks or bookies. Internet gambling is an extremely popular means of gambling. Other sporting events are the ones that happen to be illegal and linked to gambling like dog fighting and cockfighting.
Illegal gambling in sports continues to be associated with organized crime for a long time in the US. In the 1920s and 1930s illegal sports gambling had been a business for gang mobsters and they established organized bookmaking across the nation. Focus was on horse racing during those times. 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 two illegal wire services that were operated by mobsters.
In the 1950s the government came down hard on organized crime and forced the mobsters out of the casino industry in Nevada. They were then bought out 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 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 many 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, proclaiming that readers just want to learn or read about teams favored to become winners rather than for betting.
Other illegal gambling in sports involves animal fights that take place in the US in spite of the unsavory reputation it’s got. These staged fights involve animals such as dogs that happen to be trained and bred for this specific purpose and male chickens. This type of animal fighting is normally in the rural areas but city police reports on dog fighting and cockfighting have risen and this sport has become the rage among gangs in the street. This kind of illegal sports betting activity is a great concern for the authorities due to the weapons and large amounts of hard cash present at the fights.
The matter of illegal gambling in sports is a matter of grave concern. Minnesota laws make any sort of wager or bet illegal. It is best if the gambler learns all 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.