It’s estimated that only 1-3% of sports betting activities are accounted for in the Nevada Sports books and the majority of the gambling is definitely the illegal gambling in sports. The FBI believed in 1998 that this illegal sports gambling was an industry worth billions of dollars.
Illegal gambling in sports consists of various kinds of activities. Many of these illegal bets on different sporting events are put with sportsbooks or bookies. Internet gambling is a very popular means of gambling. Other sporting events are the ones that are illegal and linked to gambling such as dog fighting and cockfighting.
Illegal gambling in sports has been connected with organized crime for many years in the US. In the 1920s and 1930s illegal sports gambling was a business for gang mobsters and they set up organized bookmaking across the nation. Emphasis was on horse racing during those times. Nevada legalized casino betting in 1931 and here too organized crime controlled a significant portion of casino gambling business. Continental Wire Service and Trans America Wire were the two illegal wire services which 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. They 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 action 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 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, claiming that readers only want to learn or read about teams favored to become winners rather than for betting.
Some other illegal gambling in sports involves animal fights that take place in America regardless of the unsavory reputation it has. These staged fights involve animals such as dogs that are trained and bred for this 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 increased and also this sport is the rage among gangs on the street. This kind of illegal sports betting activity is a great problem to the authorities because of the weapons and huge quantities of hard cash present in the fights.
The matter of illegal gambling in sports is really a question of grave concern. Minnesota laws make any type of wager or bet illegal. It is best if the bettor finds out all of the laws relating to sports gambling in his state or area prior to placing bets over a sporting event. Many states declare sports gambling as illegal in the United States excluding Nevada, Montana and one or two other states.