Americans Will Bet Over $35 Billion on Baseball

American sports fans are poised to wager $36.5 billion on Major League Baseball (MLB) this year, according to an estimate by the American Gaming Association (AGA) released just days before opening day. Of the $36.5 billion that will be wagered, $35.4 billion – or 97% – will be placed illegally through illicit offshore websites and sports bookies. Americans wager roughly $154 billion a year on sports illegally due to the 1992 federal prohibition on sports betting. “The amount wagered illegally on professional baseball is another sign the federal ban on sports betting has become an utter failure,” said Geoff Freeman,…