Originally posted on 07/14/2012:

The demand is there for people to wager on sports, sports is a huge part of the society here and worldwide. But even if you legalize sports gambling the underworld will still find a way to take a large portion of the profits. They can offer better lines, bets on credit, loan sharks, higher limits, etc.

It appears the revenue to be made from sports gambling is small according to those numbers, the main benefit is the visitors on a big sporting event, money made off transportation, lodging, and other entertainment expenses. This will likely be a big obstacle to legalizing it across the us, who will take on the job other than big casino complexes where they can benefit from the wager as well as taking in other expenses from the bettors? I think the main reason many are not on board is because they do not see large financial benefits of legalizing sports gambling.