AGA wants to put illegal sports betting market out of business
On Sunday (4th) the New England Patriots will meet the Philadelphia Eagles in Minneapolis for Super Bowl 52. Betting by Americans on the outcome of the American Football clash will be heavy but, as the American Gaming Association reports, ‘a staggering 97% of total wagers will be bet illegally across the United States.’ Only the state of Nevada has legal licensed sports books so that means that bets of around US$4.6 billion will be made illegally, with the rewards going to unlicensed operators.
“Thanks to the failed federal ban on sports betting, Americans are sending billions of their hard-earned dollars to corner bookies, shady offshore operators and other criminal enterprises,” said Geoff Freeman, president and CEO of AGA. “The big question we’re asking: Is 2018 finally the year when governments, sporting bodies and the gaming industry work together to put the illegal sports betting market out of business?”
At least 14 states have active legislation related to sports betting and more states are expected to introduce bills. The Supreme Court is presently considering a challenge to the failed Professional and Amateur Sports Protection Act of 1992 (PASPA) and a bid to have it declared unconstitutional. AGA has filed an amicus brief with the Supreme Court detailing the impacts of the failing federal sports betting ban and highlighting the US$150 billion illegal sports betting market in the US.