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.