Super Bowl Illegal bets may top $4 Billion; It’s time to legalize sports betting

According to the American Gaming Association, Americans will wager about $3.8 billion dollars illegally on the big game this upcoming Sunday, Feb. Most states have a casino or two in them where you can wagers on almost anything under the sun. Even NBA Commissioner Adam Silver said last September at a Bloomberg Sports Business Summit that legal sports gambling throughout the U.S. is “inevitable.”

According to American Gaming Association, you can legally bet on sports in four states – Nevada, Oregon, Delaware, and Montana. The Patriots and Seahawks are so evenly matched that not many experts are sure who will win the big game this Sunday. Yes, that’s billion with a capital B! If so, that would be almost 38 times more than Nevada casinos typically accept in wagers on the National Football League championship. on the Super Bowl could top $4 billion this weekend.

The 2015 Super Bowl match-up is truly one for the ages. One thing is for sure, Las Vegas sports books know that no matter who wins this super match-up it will lead to a super chunk of money wagered on the game. The AGA is examining if they should extend that option to other states..

Legalizing sports wagering could literally help the US with many financial problems and possibly prevent higher state and national taxes every year for the same things, such as fixing the roads.

“The AGA is closely examining the current state of sports betting, the laws that govern it and the best way forward for the gaming industry,” Geoff Freeman, the AGA’s president and chief executive officer, said in e-mailed remarks shared today at a meeting of the U.S. Also daily lotteries, Mega Millions, Power Ball and local state run games are everywhere, yet sports seems to be a taboo for one reason or another. Surprisingly, a lot more money will be wagered illegally on Super Bowl XLIX then will be legally, which has to make one think – why isn’t sports gambling legal already?

When you think of how much money could legally be generated from legalizing sports wagering on the “big four” sports (NFL, MLB, NHL and NBA) it is almost comical NOT to legalize it – especially when you look at what people can wager on already today. Conference of Mayors in Washington.

Legalize sports wagering, tax the players when they win just like any other gaming situation would, and watch the revenue roll in. reported was wagered on the Super Bowl last season, and it has to make sports gamblers across the country shake their heads at why sports gambling isn’t legal in other states. 1, the Washington-based casino industry trade group said.

“Sports gaming should be brought out of the underground and into the sunlight where it can be appropriately monitored and regulated.” Silver said in a New York Times post.

Now, compare that to the $119.4 million the Nevada Gaming Control Board.

According to a MSN (Bloomberg) report, illegal betting in the U.S

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