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Big Money For Legal Isreal Sports BEtting

12/10/2012 : ISRAEL COULD MAKE BIG MONEY BY LEGALISING SPORTS BETTING
 
Latest academic research suggests up to NIS 1.2 billion in taxes could be raised
 
By legalising just half of Israel's illegal gambling activity in sports betting through a 20 percent tax rate, the Israeli government could raise up to NIS 1.2 billion in additional tax revenues, according to a pre-release statement describing a new academic study on the subject.
 
The study, conducted by economist Avichai Snir of the Netanya Academic College and Ronen Bar-El of the Open University, claims that NIS 12.5 billion is splurged annually by Israelis on sports betting, with around 11 billion wagered illegally.
 
The researchers will be presenting their results at the upcoming Sderot Conference on Social Issues in Israel next week.
 
The duo point out that aside from tax revenues, other positive benefits could flow from legalisation, such as reducing the risks attached to dealing with unregulated operators and the incidence of money laundering and corruption in sports.
 
The report notes that the International Monetary Fund estimates that criminal activities rake in $1.5 trillion to $3 trillion a year, with one-third to half of this sum laundered, accounting for 2 to 5 percent of the world's gross national product and about 10 percent of world trade.
 
Israel's illicit overall black market is estimated at as high as 21 percent of gross national product, about NIS 136 billion, with about NIS 34 billion laundered.
 
The study assesses online betting globally at almost $51 billion in 2012.
 
The researchers say that Internet gambling has been legalised in seven European countries and 28 countries globally, with another 13 countries making similar moves along this path. Although Internet gambling in Israel has been prohibited, external operators will often find ways of circumventing blocking tactics.
 
The report details the manner in which corrupt individuals and sports organisations can exploit sports for illegal rewards or as channels for money laundering.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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