31 Jan '17, 11pm

Nearly $5 Billion USD in Bets Will Be Placed on Super Bowl LI

Nearly $5 Billion USD in Bets Will Be Placed on Super Bowl LI

According to a report from the American Gaming Association, an estimated $4.7 billion USD in bets will be placed by Americans on Super Bowl LI this Sunday. Because Nevada is the only state that legally allows sports gambling, 97% of the aforementioned sum (approximately $4.5 billion USD) will be placed illegally, mainly through underground means and offshore sites. That’s an 11% increase from Super Bowl L’s numbers. As Forbes reports: The AGA represents the $240 billion USD U.S. casino industry and has been a vocal advocate for a change of federal law, which currently precludes states (other than Nevada) from allowing individuals to wager on the outcomes of individual games. It has cited to a September 2016 report , which concluded that legalized and regulated sports betting is a necessary condition to preserve and protect the integrity of sports, not a detriment to the in...

Full article: https://hypebeast.com/2017/1/super-bowl-li-51-gambling-od...

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