New Jersey Cracks Down on Illegal Sports Betting

New Jersey authorities recently made a big move against illegal gambling.

• 14 people arrested linked to a mob-run sports betting operation
• Reminder of how organized crime still tries to infiltrate legal sports betting

The Rise of Legal Sports Betting

• Huge deal in the U.S. since 2018 Supreme Court decision
• Allowed states to legalize sports betting
• Risk of illegal operations trying to muscle in

The Problem Persists

• Arrests highlight a bigger problem
• Even with legal options, some still bet with illegal operations
• Why?
• Better odds
• Avoid taxes
• Risks:
• Lose more than just money
• Serious legal trouble

Major League Baseball Takes Action

• Asked sportsbooks to cap per-pitch bets at $200
• Protect players and integrity of the game
• Not a complete solution
• As long as money is involved, people will try to cheat

A National Issue

• Not just a New Jersey problem
• Every state with legal sports betting must stay vigilant
• Work together to keep illegal operations out
• Otherwise, the whole system could be at risk