![]() Most illegal bookies attract players with higher value odds, something gamblers are always looking for. While most of the illegal betting occurs in countries where gambling is disallowed, unauthorized wagering is also common in countries with legal betting. In total, more than $400 billion is spent on illegal sports bets. ![]() While one in 10 Americans placed bets on the outcome of the game, only 5% of the bets were done legally as per USA Today. Asia and North America lead the pack for countries with the highest cases of illegal sports gambling.ĭuring this year’s Super Bowl, for example, $6 billion was spent on betting. Illegal betting makes up more than half of that. The sports betting industry is worth an estimated $3 trillion. While millions of dollars are won every day, the amount of cash spent on sports gambling is much more.īelow is an overview of the top-most gambled sports, how much goes back to bookies as profits and how much is paid out as wins to players. For bookmakers, this means money is always flowing into the casinos. If you have money and access to a gambling site, there is no time you can’t find a game to bet on.
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