{"id":28517,"date":"2015-04-20T16:00:37","date_gmt":"2015-04-20T23:00:37","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=28517"},"modified":"2015-04-20T17:03:32","modified_gmt":"2015-04-21T00:03:32","slug":"global-sports-betting-market-worth-3-trillion","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/","title":{"rendered":"Global Sports Betting Market Worth $3 Trillion"},"content":{"rendered":"
\"United
The United Nations match-fixing conference was told that China has become the epicenter of a global sports betting market worth trillions. (Image: AP Photo)<\/figcaption><\/figure>\n

The global sports betting market could be worth up to $3,000,000,000,000 ($3 trillion), a United Nations conference targeting match-fixing was told last\u00a0week.<\/p>\n

Independent betting expert Patrick Jay told the meeting in Qatar, which was hosted by UN Office on Drugs and Crime (UNODC) and the International Centre for Sports Security (ICSS), that China, where up to $1 billion can be wagered illegally on a single game of soccer, has become the epicenter of the market.<\/p>\n

Ninety percent of all sports betting occurs on the illegal unregulated markets, he said.<\/p>\n

\u201cI\u2019ll let you into a secret,\u201d said Jay, who initially put the figure at a conservative one trillion. \u201cI say the trillion figure because I can just about get away with it without being laughed off stage.<\/p>\n

The fact of the matter is, the vast majority of people think it is less than that, the only three or four people in the world that I actually respect on this think it is two or three times that. And it is growing.\u201d<\/p>\n

Time Zones Key<\/b><\/h2>\n

Sixty-five percent of the global betting handle was spent on soccer<\/a>, he continued, while tennis and cricket accounted for around 12 percent.<\/p>\n

Much of illegal gambling<\/a> in Asia is driven by matches which are shown live on television, which means time zone plays a huge part and is a key factor.<\/p>\n

\u201cThe key driver of demand in the global gaming market is the time zone, because the market is Asia and therefore if Gillingham versus Orient (both English third-tier teams) is 7pm on a Saturday night in Asia on TV, that\u2019s going to drive greater turnover than Barcelona versus Real Madrid, which is at four o\u2019 clock in the morning, and that\u2019s a fact,\u201d he said.<\/strong><\/p><\/blockquote>\n

UNODC and ICSS announced a partnership this week to \u201cstrengthen investigations and prosecutions into match-fixing,\u201d and the conference met to examine preventative measures such as increased data-sharing from within the gambling industry, guaranteed protection for whistle-blowers and the seizure of match-fixers\u2019 assets.<\/p>\n

\u201cMonumental Scandal\u201d<\/b><\/h2>\n

The World Anti-Doping Agency has estimated that a quarter of global sport was controlled by organized crime and their betting syndicates.Many of the domestic Asian sports leagues are riddled with corruption.<\/p>\n

In 2009 Chinese President Hu Jintao said that there was so much match-fixing in the Chinese soccer league he declared it to be a “national disgrace that embarrassed China.”<\/p>\n

Meanwhile the Taiwanese Baseball League is comprised of just four teams, having lost the rest to match-fixing scandals.<\/p>\n

Michael Hershman, a member of the ICSS advisory board, said the issue of corruption in sport and how it had been ignored for too long and was now \u201cwas rising to the level of a monumental scandal.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The global sports betting market could be worth up to $3,000,000,000,000 ($3 trillion), a United Nations conference targeting match-fixing was told last\u00a0week. Independent betting expert Patrick Jay told the meeting in Qatar, which was hosted by UN Office on Drugs and Crime (UNODC) and the International Centre for Sports Security (ICSS), that China, where up […]<\/p>\n","protected":false},"author":42,"featured_media":28518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,10,16],"tags":[],"acf":[],"yoast_head":"\nGlobal Sports Betting Market Worth $3 Trillion<\/title>\n<meta name=\"description\" content=\"United Nations told sports betting market worth $3 trillion, 90 percent of which is handled in illegal markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Sports Betting Market Worth $3 Trillion\" \/>\n<meta property=\"og:description\" content=\"United Nations told sports betting market worth $3 trillion, 90 percent of which is handled in illegal markets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-20T23:00:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-04-21T00:03:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/04\/Unknown7.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"225\" \/>\n\t<meta property=\"og:image:height\" content=\"225\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/\",\"url\":\"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/\",\"name\":\"Global Sports Betting Market Worth $3 Trillion\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/04\/Unknown7.jpeg\",\"datePublished\":\"2015-04-20T23:00:37+00:00\",\"dateModified\":\"2015-04-21T00:03:32+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"United Nations told sports betting market worth $3 trillion, 90 percent of which is handled in illegal markets.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/global-sports-betting-market-worth-3-trillion\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/04\/Unknown7.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2015\/04\/Unknown7.jpeg\",\"width\":225,\"height\":225,\"caption\":\"United Nations match-fixing conference told that China has become the epicenter of a global sports betting market worth trillions. 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