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 the illegal gambling in sports. The FBI believed in 1998 this illegal sports gambling was a business worth billions of dollars.
Illegal gambling in sports includes various kinds of activities. Most of these illegal bets on different sporting events are placed with sportsbooks or bookies. Internet gambling is a very popular method of gambling. Other sporting events 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 the US. 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. Focus was on horse racing during those times. Nevada legalized casino betting in 1931 and here too organized crime managed 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 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 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 recognized as 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 instead of for betting.
Other illegal gambling in sports involves animal fights that take place in America regardless of the unsavory reputation it has. These staged fights include animals like dogs that are trained and bred for this specific purpose and male chickens. This type of animal fighting is normally within the rural areas but city police reports on dog fighting and cockfighting have increased and also this sport has become 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 large amounts of hard cash present at the fights.
The issue 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 before placing bets over a sporting event. Most states declare sports betting as illegal in the US except for Nevada, Montana and one or two other states.