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AGA Anticipates $93 Billion in Illegal NFL BetsPublished September 29, 2015 by Sol FH
The AGA projects that illegal NFL betting will come close to $100 billion this season, strengthening the need for US online sports gambling reform.
The NFL and College football regular seasons are in full swing. With the first Touchdowns of the New Year being scored, millions of punters around the world earned lucrative cash, while making legal bets on NFL and college football games; but this is simply not the case in America.
Americans Banned from Betting on American Sports
Even with legalization of online gambling in Nevada, New Jersey and Delaware, there were still millions of punters seeking to make bets in the other states, only to realize that they cannot bet on an American game on teams that they grew up watching. Punters in New Jersey and Delaware are still not legally allowed to bet on sporting events, as the only states exempt from the Professional and Amateur Sports Protection Act are Nevada, Oregon, Delaware and Montana.
This is not the case in most every other country in the world, as online sportsbooks like bet365 Sports, William Hill and 888 Sports continue to deliver competitive NFL and College football odds ahead of each game this season.
The NFL is one of the most highly bet on sports in the world today, as is college football, but due to outdated laws in the US, American's are breaking the law when they make a bet. The American Gaming Association (AGA) has projected that there will be way-over $93 billion in illegal wagers made on the weekly games and there are very few ways to stop it.
Wasted Tax Revenue
That is tax revenue, which could be put into much needed areas of American's lives like education, healthcare, security and more. The 93 billion that the AGA claims will be made this year is way more than the $2 billion that was made in week 1 of the NFL season legally at online sportsbooks in Nevada.
Superbowl numbers are even crazier, with last year's final between the New England Patriots and the Seattle Seahawks seeing $3.8 billion in bets made illegally, which was an astonishing 38 times greater than legal bets in the US. “Illegal sports betting is reaching new heights of popularity in America, related Geoff Freeman, chief executive of the AGA. “It’s clear that a federal ban on traditional sports betting outside of Nevada is failing," he continued.