'I would bet over $150 billion before I would bet under,' veteran offshore sportsbook operator Scott Kaminsky of wrote in an email to ESPN. The $150 billion mark must be a good line. Professional bookmakers say it's too low. Professional gamblers say that's too high. The American Gaming Association estimates $150 billion is bet annually on sports by Americans. It's also large enough to get the attention of cash-strapped states and ratings-dependent sports leagues that now seem more accepting of betting.

Whatever the amount, it's enough to fuel the massive offshore bookmaking industry that consists of hundreds of online sportsbooks. Most estimates are in the hundreds of billions of dollars, but no one knows for sure how much money Americans bet on sports every year. Sports betting legalization: Where do we stand right now? You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browser

2014 new jersey sports betting law