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US sports betting action study
Monday July 15,2013 : U.S. SPORTS BETTING IS BIG BUSINESS
No wonder Nevada wants to keep the action to itself.
The magnitude of the US sports betting action was explored by NBC over the weekend, producing some interesting numbers.
The Nevada Gaming Commission has revealed that $3.2 billion was wagered in sports bets in the state’s casinos in 2011. Of that amount, $1.34 billion or 41 percent was handled just for football.
American Gaming Association figures show sports fans bet a record $98.9 million at Nevada casinos on Super Bowl XLVII. After paying out to bettors, Nevada sports books earned $7.2 million on 2013’s game.
Extrapolating from Nevada data, the financial planning website Mint estimates that more than $8 billion is wagered every year on the Super Bowl alone, an estimated 200 million people making wagers on the outcome of the game worldwide.
Between $60-70 billion is illegally wagered on college football each year according to CNBC.
Thirty-three million Americans participate in fantasy football, according to the Fantasy Sports Trade Association. The FSTA found that $1.18 billion changes hands between players through pools each year.
Between $30-40 billion is illegally wagered on Major League Baseball each year, according to CNBC. Baseball is not as big as football because of the lack of point spreads.
The FBI estimates that more than $2.5 billion is illegally wagered annually on the three-week March Madness post-season tournament each year.
As much as 25 percent of illegal wagers placed on college basketball games each year comes during March Madness, according to CNBC.
Sports book operators estimate $80 million to $90 million - less than 4 percent of the illegal take - is wagered on the NCAA tournament legally through Nevada’s 216 sports books, again according to the American Gaming Association.
One in 10 Americans play March Madness brackets according the data-processing website, Wager Solutions.com.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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