Saturday, January 06, 2007

The Man Who Shook Up Vegas -

"If you've never placed a sports bet in America, you are fast becoming a member of the minority. Since its beginnings at Colonial horse tracks in the 17th century, the amount of money Americans wager on sports has grown to rival the gross domestic product of New Zealand.
From Monday's college-football championship game between Florida and Ohio State through the next calendar year, more than 100 million Americans will wager an estimated $96 billion on sports. Less than $3 billion will be offered legally at Nevada casinos where bettors must be present to wager. The bulk of it -- about $93 billion, according to analysts and law-enforcement officials -- flows through office pools, local bookies and offshore online casinos. While these forms of gambling are illegal under U.S. law, the authorities rarely prosecute individual bettors."

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