$3.8B in illegal Super Bowl bets?

$3.8B in illegal Super Bowl bets?
© Getty Images

The gaming industry is using the Super Bowl to put a spotlight on illegal gambling.

Sports fans are expected to place $3.8 billion in illegal bets on the Super Bowl, according to the American Gaming Association, which represents the casino industry.

ADVERTISEMENT
That's compared to an estimated $100 million in legal bets on the big game.

“As millions of fans plan to watch the Super Bowl this Sunday, many will place wagers on everything from the result of the coin toss to which team prevails,” said Geoff Freeman, president and CEO of the American Gaming Association.

The American Gaming Association (AGA) is using the Super Bowl as a platform to urge lawmakers and regulators to crack down on illegal gambling.

This week, the AGA urged attorney general nominee Loretta Lynch, if confirmed, to crack down on illegal gambling activities, which takes away business from casinos.

“In fact, the illegal market is 38 times greater than the legal one,” according to the AGA.

The casino industry, which is highly regulated, offers stronger consumer protections and carries less of a risk of money laundering, the AGA says, but "no such oversight exists for the illegal sports betting market."