It is estimated that only 1-3% of sports betting activities are accounted for from the Nevada Sports books and the majority of the gambling is the illegal gambling in sports. The FBI estimated in 1998 this illegal sports gambling was an industry worth billions of dollars.
Illegal gambling in sports includes different types of activities. Most of these illegal bets on various competitive sports are put with sportsbooks or bookies. Online gambling is a very popular method of gambling. Other sports activities are the ones that are illegal and linked to 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 was a business for gang mobsters and they established organized bookmaking across the nation. Emphasis was on horse racing during those times. Nevada legalized casino betting in 1931 and here too organized crime managed a significant 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 drove the mobsters out from the casino industry in Nevada. These were then bought out by corporations, and also the mob took over the illegal bookmaking business. The majority of illegal books provide bookies that 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 could be reported just for entertainment and informational purposes but a majority of US newspapers still release betting lines. This practice is defended by way of the Newspaper Association of America as “free speech” under the First Amendment of the Constitution, proclaiming that readers only want to learn or find out about teams favored to become winners rather than for betting.
Some 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 include animals such as dogs that are trained and bred for this specific purpose and male chickens. This sort of animal fighting is usually in the rural areas but city police reports on dog fighting and cockfighting have increased and also this sport has become the rage among gangs on the street. This type of illegal sports betting activity is a great concern to the authorities because of the weapons and large amounts of hard cash present in the fights.
The issue of illegal gambling in sports is a matter of grave concern. Minnesota laws make any type of wager or bet illegal. It is best if the gambler learns all of the laws associated with sports gambling within his state or area before placing bets on a sporting event. Most states declare sports betting as illegal in the US except for Nevada, Montana and one or two other states.