It’s estimated that only 1-3% of sports gambling activities are accounted for from the Nevada Sports books and quite a few of the betting is 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 various sporting events are placed with sportsbooks or bookies. Online gambling is a very popular method of gambling. Other sporting events are those that happen to be illegal and linked to gambling such as 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 set up organized bookmaking around the nation. Emphasis was on horse racing during those times. 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 2 main 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 that 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 considered illegal. News details regarding point spreads may be reported just for entertainment and informational purposes but many 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 just want to learn or find out about teams favored to be winners rather than for betting.
Other illegal gambling in sports involves animal fights that occur in the US in spite 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 usually within the rural areas but city police reports on dog fighting and cockfighting have increased and also this sport is the craze among gangs in the street. This type of illegal sports betting activity is a great concern to the authorities because of the weapons and huge quantities of hard cash present at the fights.