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If I had a dollar for every dollar involved in illegal Super Bowl bets, then I’d be a billionaire. Yes, billionaire with a capital B. “Illegal bets on the Super Bowl will total $3.8 billion,” according to JD Morris, author of a recent article published by VegasInc.
“Americans will illegally wager 38 times more money on this year’s Super Bowl than they will legally in Nevada, the only state with full-fledged sports betting, according to a projection from a casino industry trade group.”
But how did the casino industry trade group come to that number? According to Chris Moyer, a spokesman for the gaming association, the association used a 1999 national study and correlated those results with the growth of the legal gambling market. The association then applied similar growth to the illegal market.
So, on Sunday, when I am sitting around my living room with my neighbors, and we are all betting our $1’s on the next TV commercial or how many times the announcers mention ‘Deflategate,’ I will mention the projected $38 billion to my friends, and how we are contributing to that statistic; however, our max limit is $20 each.