Sports Betting News
With the World Cup in Brazil there is not only a sports frenzy in that country, but overall there is a global betting frenzy on sports. Nowadays you can wager on pretty much any sport that takes place around the world. Director of sports integrity for from the International Center for Sport Security in Qatar and the Sorbonne in Paris Chris Eaton stated, "Taking the illegal [gambling] market, the under-regulated grey market, and the totally legal market together, it's really close to a trillion dollars [U.S.] annually gambled on sports today."
According to analysts a billion dollars was wagered on the finals in the 2010 World Cup. The 2014 World Cup is set to have a ton of money being bet and the total for the final may be higher than 4 years ago. Eaton stated that the wagering on only one soccer league in the England Premier League amounts to in excess of a billion dollars annually. Just like with betting on sports there is big money that do attract the criminal element. A report by Sports Security has found that wagering on sports around the world by organized crime launders $140 billion annually. The report also says that 80% of the sports betting around the world is dome so in an illegal manner.
With the rising popularity of the Internet in the last 2 decades there has been a spike in gambling activity. According to the Sports Security report 30% of gambling activity is done so over the Internet. Rather than looking for illegal bookmakers or reputable and legitimate betting shots people now need only a computer, net connection, and credit card in order to wager on sports. According to a study Britain has the most Internet gambling licenses (114) with Malta having the 2nd most (86).
The Internet has also allowed criminal elements to create world-wide operations that can skim off money and send to anonymous bank accounts in countries where the regulations are more relaxed and less regulated. The report goes onto say that wagering on sports only adds around $6 billion in taxes to nations that tax sports betting. This amount is only a fraction of the gambling intake around the world. The ICSS-Sorbonne report states that Asia is accountable for 53% of the illegal gambling worldwide mainly because in many of the countries in East Asia gambling is not legal.