Illegal sports wagering now accounts for an annual US$196bn or 97% of all US sports betting, according to a new analysis by the gambling sector’s leading market data provider, H2 Gambling Capital, exclusively provided to iGaming Business.
The £196bn handle (or $10.4bn GGR) calculated for 2016 in H2’s ‘deep dive analysis’ (paywall) is substantially higher than the widely publicised $150bn figure previously published by the American Gaming Association.
The 97% figure produced by iGaming Business’ principal data partner also far outstrips recent International Centre for Sport Security/University of Sorbonne Paris estimates that 80% of global bets are made illegally.
Of this 2016 illegal sports betting activity in the US, 79% was conducted online, according to H2, with two states – California and New York – accounting for more than 25% of total illegal handle.
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NBA Optimistic on US Sports Betting Changes The idea of legalizing sports betting has been floated for years with no imminent change in sight, but NBA commissioner Adam Silver remains optimistic of a change that would make betting legal in the not-so-distant future.
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