Super Bowl Illegal bets may top $4 Billion; It’s time to legalize sports betting

Also daily lotteries, Mega Millions, Power Ball and local state run games are everywhere, yet sports seems to be a taboo for one reason or another. The AGA is closely examining the current state of sports betting, the laws that govern it and the best way forward for the gaming industry, Geoff Freeman, the AGAs president and chief executive officer, said in e-mailed remarks shared today at a meeting of the U.S. The AGA is examining if they should extend that option to other states.

When you think of how much money could legally be generated from legalizing sports wagering on the “big four” sports (NFL, MLB, NHL and NBA) it is almost comical NOT to legalize it – especially when you look at what people can wager on already today.

. Most states have a casino or two in them where you can wagers on almost anything under the sun. Conference of Mayors in Washington.

Now, compare that to the $119.4 million the Nevada Gaming Control Board.

According to a MSN (Bloomberg) report, illegal betting in the U.S. The Patriots and Seahawks are so evenly matched that not many experts are sure who will win the big game this Sunday. One thing is for sure, Las Vegas sports books know that no matter who wins this super match-up it will lead to a super chunk of money wagered on the game. reported was wagered on the Super Bowl last season, and it has to make sports gamblers across the country shake their heads at why sports gambling isn’t legal in other states.

Legalize sports wagering, tax the players when they win just like any other gaming situation would, and watch the revenue roll in. is inevitable.

“Sports gaming should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated. Silver said in a New York Times post.

According to American Gaming Association, you can legally bet on sports in four states – Nevada, Oregon, Delaware, and Montana. Surprisingly, a lot more money will be wagered illegally on Super Bowl XLIX then will be legally, which has to make one think – why isn’t sports gambling legal already?

Legalizing sports wagering could literally help the US with many financial problems and possibly prevent higher state and national taxes every year for the same things, such as fixing the roads. According to the American Gaming Association, Americans will wager about $3.8 billion dollars illegally on the big game this upcoming Sunday, Feb. 1, the Washington-based casino industry trade group said.

The 2015 Super Bowl match-up is truly one for the ages. Yes, that’s billion with a capital B! If so, that would be almost 38 times more than Nevada casinos typically accept in wagers on the National Football League championship. Even NBA Commissioner Adam Silver said last September at a Bloomberg Sports Business Summit that legal sports gambling throughout the U.S. on the Super Bowl could top $4 billion this weekend

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