A record $1 billion bet on MLB in 2016

A record $1 billion bet on MLB in 2016

Last Christmas weekend there was a $1 billion bet placed on baseball at Nevada’s regulated Sportsbooks, an all-time record, according to gaming control, and nearly double the amount that was bet in 2010. MLB is one of the most popular leagues to place your favorite sport bets. At a time when more money is being wagered on baseball than ever before, Major League Baseball is taking a new approach to how it keeps track of the betting on its games.

A two-hour workshop highlighting potential benefits of legal sports betting, and the technology available to protect the integrity of the games, was held Monday at Major League Baseball’s winter meetings in Washington, D.C.

Major League Baseball partnered this spring with Genius Sports, a sports-integrity firm that monitors international betting markets, looking for irregularities that may indicate corruption. Headquartered in London and with office in Los Angeles, New York and Washington, D.C., Genius Sports provides MLB with market analysis, real-time alerts and other protections designed to identify betting-related corruption.

Genius Sports estimates $55 billion is bet annually on baseball throughout the world, with only a small fraction taking place in legal markets. Are you interested in betting on baseball or betting on any other sport? Please go to our Sportsbook page and register for a free account; all new customers will receive a nice welcome bonus upon registration.