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The big business of online sports betting It comes as no surprise that sports gambling is big business. In 2017, Nevada’s Gaming Control board reported a $4.8 billion bet at its sportsbooks. This was a new record high, but legal betting is just the beginning of the story. No one has a definitive number for how much money is bet illicitly. For example, the research firm, Eilers & Krejcik Gaming, projects that this number could fall between $50 billion and $60 billion . While the Supreme Court’s decision opened the door for individual states to regulate sports betting, it didn’t prohibit future federal regulation in the industry. The House of Representatives is planning a hearing titled “Post-PASPA: An Examination of Sports Betting in America.” It was scheduled for June 19 but was postponed to a later date. [ Keep up with 8 hot cyber security trends (and 4 going cold) . Give your career a boost with top security certifications: Who they're for, what they cost, and which you need . | Sign up for CSO newsletters .
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