Illegal betting revenue can reach $1.7 trillion per year (UN report)

Illegal betting revenue can reach $1.7 trillion per year (UN report)

The first study on sports corruption for the United Nations Office on Drugs and Crime was written by 200 specialists from government agencies, sports groups, private industry, and academia.

Illegal bets have been recognised as the primary driver of match-fixing and as a means of money laundering.

According to the survey, the whole legal worldwide market for sports betting and horse racing is worth $ 40 billion.
Asia is the largest market (19.6 billion), Europe has 15.2 billion, North America has 2.3 billion, Oceania has 1.7 billion, Africa has 751 million, and Latin America has 335.9 million.

According to other figures, the illegal market is substantially greater, ranging from 340 billion to 1.7 trillion dollars each year (which, for example, is more than the budget of the Russian Federation in 2020).
Another $ 140 billion is laundered through illicit rates each year.

Source – United Nations Office on Drugs and Crime

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