Inside Asian Gaming

October 2016 inside asian gaming 39 federal law largely prohibits sports betting outside Nevada. Instead of curbing illegal betting, the law has driven sports betting underground, creating a thriving $150-$500 billion black market with no consumer protection, no tax benefits for communities and no safeguards for the integrity of sports. 2. Illegal Sports Betting Fuels Criminal Enterprises Under PASPA, hundreds of billions in illegal sports betting revenues are being funneled to criminal enterprises and used to finance a range of criminal activity. This illicit cycle drains law enforcement resources, hindering the ability of police and prosecutors to fight crime and protect our nation’s citizens. 3. An Open, Transparent, Regulated Sports Betting Market Boosts Law Enforcement Oversight A regulated sports betting market aids law enforcement efforts and can protect consumers. Experience in the UK and other iGaming in Depth iGaming Blue Pages regulating gambling. And unfortunately, due to the current law, states lack key tools to protect consumers and the integrity of commerce in their states. State and local officials must play a central role in calling for changes to sports betting laws. 5. Time to Repeal PASPA Many leaders from the worlds of law enforcement and professional sports believe it’s time to reconsider the national ban on sports betting and allow states to decide international markets demonstrates how legal, regulated sports betting creates a powerful partnership between the gaming industry and law enforcement and provides new tools to monitor, investigate and shut down illegal activity. Access to data would provide actionable intelligence, greatly enhancing investigative capabilities. 4. States Must Play a Central Role The federal ban on sports betting interferes with states’ traditional role in “The panel has called for a complete overhaul of the current system which it says has not only created a US$150 billion illegal sports betting market but also made it almost impossible to monitor.”