From 1976 to 1996, legalized betting in the U.S. increased from $17.3 billion to $586.5 billion. Apart from legal betting, O’Brien1 estimates that illegal sports betting could amount to $88 billion annually with $4 billion to $5 billion wagered on the Super Bowl alone.
Unable to display preview. Download preview PDF.
- 1.O“Brien T. Bad Bet: The Inside Story of the Glamour, Glitz, and Danger of America’s Gambling Industry. Times Books: NY, 1998.Google Scholar
- 2.Johnson D. Temples of Chance: How America Inc. Bought Out Murder Inc to Win Control of the Casino Business. Doubleday: NY?,1992Google Scholar
- 3.Afifi A, Clark V. Computer Aided Multivariate Analysis. Chapman and Hall: London, 1996.Google Scholar
- 4.Lang A, Roxborough M. “The Influence of Competitive Market Pressures and Player Skill in Affecting Sports Book Hold Percentage Performance in Nevada.” Presentation at the 8th International Conference on Gambling and Risk, London, U.K., August 15–17, 1990.Google Scholar
- 5.Brenner R. Gambling and Speculation. Cambridge University Press: NY, 1990. (Quotation, p. 108)Google Scholar
- 6.Cowling C. Populists, Plungers, and Progressives. Princeton University Press: Princeton, 1965.Google Scholar
- 7.Ibid. (Quotation, pp. 28–29)Google Scholar
- 8.MacDougall ED. Speculation and Gambling. Boston: Stratford, 1936. (Quotation, p. 70)Google Scholar
- 9.Reference 5. (Quotation, p. 236)Google Scholar
- 10.Hieronymous TA. Economics of Futures Trading for Commercial and Personal Profit. Commodity Research Bureau: NY, 1971. (Quotation, p. 91)Google Scholar
- 11.Reference 5. (Quotation, p. 97)Google Scholar
- 12.Reference 6. (Quotation, p. 106)Google Scholar