Betting on Sports Events
Betting on sports is one of the most popular types of legal gambling in the US, and possibly the most popular type of illegal gambling. The popularity of sports betting grew massively in the last the last three decades. Here you can read about the legal and the illegal sports betting market in the US.
Betting on sports became more popular as the popularity of televised sports events grew. You can see a direct connection between they popularity of a sports event such as the Super Bowl, for example, and the amount of money wagered, at both legal sports books and illegal betting operations.
Betting on sports involves large amounts of money, but since big portion of it is illegal, it is impossible to estimate the exact amounts. According to the US gambling law, betting on sports is legal only in the states of California, Louisiana, and Nevada. In Nevada alone, you can find about 142 legal sports books where you can wager on variety professional and amateur sports events.
Office pools are a common type of sports betting in the US. Another common type is friends who are betting on sports events between themselves, usually involved small amounts of money. The majority of sports betting in the US are done via illegal sports books. It is known that many Americans prefer betting on sports through illegal sports betting operations, but the amounts of money wagered can only be roughly estimated.
