In the United States, certain sporting events are ingrained into the very fabric of national culture- each year, hundreds of millions of people tune in for events like the Super Bowl and College Basketball’s March Madness. One common phenomenon is the office betting pool or bracket- often a lighthearted and social activity- however it is important to consider the legal status of this practice. Despite the fact that every year billions of dollars are wagered in unofficial office pools during the Super Bowl and March Madness, your office gambling is likely illegal.
Statutes in almost every state prohibit office gambling pools, and in every state but Nevada, gambling on college sports is illegal all together. Despite the questionable legal status of these office pools, they persist across the entire country.
Estimates suggest that 50 million American’s participated in March Madness office pools this year, with over $2.5 billion on the line
Some estimates suggest that total betting on the Super Bowl was over $10 billion this year
College football wagers are estimated to total over $60 billion
Approximately $1.18 billion changed hands through fantasy football leagues last year
In all of these cases, the vast majority of the gambling occurs outside of official venues or channels. While the office sports betting pool is a common practice, and generally thought of fondly, it is still illegal. While some states have considered legislation to allow for small-scale office betting on specific events, such as the Super Bowl or March Madness, policy change has yet to be realized.
In the meantime, it is important to understand that these gambling rings are not yet legal. Employers who turn a blind eye to the practice expose themselves to legal repercussions, and employees should not feel pressured into participating. With specific inquiries contact Rice Law Office, PLLC for a free phone consultation at 603-528-5299 or visit our website for helpful articles and information.