Sports Betting: The Billion Dollar Industry
Gambling of all sorts has become socially accepted in the United States and rapidly on the rise is sports betting, a billion dollar industry.
- Sports betting is illegal throughout the country, except via sports books in Nevada and a sports-related lottery card in Oregon.
- The Nevada Gaming Commission reports that $2 billion are wagered legally annually in the state.
- It’s estimated that anywhere from $80 billion to $380 billion is illegally wagered every year in sports betting.
- The Super Bowl generates nearly $8.5 billion in wagers.
- There are literally thousands of sports betting websites that offer betting odds and lines on all sports, free baseball, basketball, and football picks, and more.
September 5th, 2008 in
Sports |
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