Gaming Attorney: Illegal Market Dominating Super Bowl Betting

Roughly $6 billion will be bet on Super Bowl LIII – almost all illegally

Ferrall On The Bench
January 30, 2019 - 9:51 am

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Even as more states offer regulated sports betting, the illegal market will once again dominate Super Bowl betting action this year. In fact, roughly 95 percent of the action will be made through bookies and offshore sportsbooks, among other outlets. 

According to the American Gaming Association, roughly $6 billion will be bet on Super Bowl LIII, but only 5.3 percent of the bets will be legal.

“That’s a lot of money for states to take advantage of,” sports gaming attorney Daniel Wallach said on Ferrall on the Bench. “Only eight states have really come online. The vast majority of the market – 95 percent or more is still in the illegal marketplace. There’s plenty of room to migrate all of that (action) from offshore illegal markets into legal regulated channels, and it’s only going to grow over time.”

Click below to listen to Wallach’s interview in its entirety.