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March Madness Will Get 10 Billion Dollars Illegal Bets

17 Mar 2017

March Madness is one of the greatest basketball events globally, is the playoff section of the college basketball in the United States and lots of people attend the games every year. According to the statement of the American Gaming Association, punters from America are about to bet a huge amount of 10.4 billion dollars on the NCAA’s March Madness, but only a small amount of 295 million dollars are going to be the legal bets, or else only a 3% of the bets. The remaining money is placed with offshore sportsbooks and local bookmakers. And the reason is that Washington only allow less-common “100 square” competitions where the punters are only allowed to wager $1 per person.

The Government's Take on Sports Betting

In a statement, the Washington State Gambling Commission outlines: «We understand the excitement that builds during this time of year as people fill out their brackets, and we’re frequently asked questions about betting in an office pool. The Washington State Constitution prohibits any form of gambling unless it is specifically authorised by the legislature – sports betting is not authorised.».

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