Close Bottom Menu CLOSE

Why join our Telegram

Telegram
  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community
Telegram

97% of March Madness bets to be placed on illegal betting sites

15 Mar 2018

The strict US gambling regulations have once again been the centre of debate concerning whether the current system should be revised or not. The state of New Jersey let the US Supreme Court rule out some changes to the American sports betting system that have to be approved by the American Gaming Association (AGA).

According to AGA, the majority of players are pushed to illegal wagering, spending $150bn per year on sports betting via illegal bookmakers and websites or through betting pools like Big Dance.

Only $300m over a total of $10bn will be wagered legally on next season's NCAA men’s basketball tournament, via Nevada legal bookies.

Geoff Freeman, President and CEO of the American Gaming Association put the blame on the American strict legislation concerning sports betting. These rules need to be updated in order to meet new wagering standards, because they currently turn millions of Americans to illegal wagering, he estimated. “The failed federal ban on sports betting has created an illegal, unregulated sports betting market that offers zero consumer protections and generates zero revenue for state and tribal governments,” said Freeman.

At present only 48 articles on wagering legislation are active to 18 over the 50 states of America. Possible abrogation could create a legal precedent, which may be used according to the legislature’s judgment.

"As the Supreme Court considers the constitutionality of PASPA, AGA is focused on working with all stakeholders to put the illegal market out of business and enable a safe, legal way for American consumers to participate in next year's office pool without fear of prosecution." pointed out.

Given that online betting has boomed over the last years, the American regulatory system has to be revised in order to let American punters to wager legally and safely at the same time and limit corruption.

A few words on March Madness

The March Madness (aka Big Dance) is a single-elimination tournament organized each spring in the USA. This period 68 college basketball teams are compelling for the national championship which started yesterday and will last until April 2nd. The first Mad March was organized back in 1939.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
Lucas Paqueta Charged For Betting Breaches Featured Image

The Brazilian international Lucas Paqueta has been charged by the FA for the “improper purpose of affecting the betting market”. Paqueta, ...

Read more »

Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

Conor McGregor Partners with Duelbits Featured Image

On May 13th, 2024, Duelbits, a leading site in crypto gambling, issued a press release to announce that it has partnered with MMA legend Conor McGrego...

Read more »

EveryMatrix Record Net Revenue in Q1 Featured Image

EveryMatrix announced that the company achieved a record €39 million in revenue in the year’s first quarter. This constitutes a stunning 66% inc...

Read more »

Conor McGregor Next Fight Odds Featured Image

After a nearly three-year absence, Conor McGregor will fight Michael Chandler in UFC 303 on June 30th. UFC president Dana White announced the clash, w...

Read more »

ΝΒΑ Investigates Raptors’ Center Jontay Porter for Betting Irregularities Featured Image

The Raptors Center became unavailable for March 25th’s clash against the Brooklyn Nets. The NBA intervened, and Porter sat out until the league ...

Read more »

Next Liverpool Manager Odds: Who Will Succeed Jurgen Klopp? Featured Image

Jurgen Klopp’s announcement that he will leave Liverpool at the end of the season shocked the football world. The German will depart from Anfiel...

Read more »

1xBet Announces Biggest Wins for 2023 Featured Image

It’s no secret that many players prefer Accumulator bets. The chance of winning huge sums of money with relatively small stakes is unmatched. To...

Read more »

Betting Odds On Formula 1 2024 Season Featured Image

Formula One is back for its 75th season, and the calendar starts with the Bahrain Grand Prix on March 1-3, 2024. After a record-breaking year with 19 ...

Read more »

UFC 298 Odds & Preview: Volkanovski vs Topuria Featured Image

One of the biggest UFC events of the year takes place on Saturday, February 17 at the Honda Center in Anaheim, California. UFC 298, starting at 23.00 ...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner