Athletes, universities and businesses pay too high a price gambling on March Madness.
Mid-March marks the beginning of the NCAA college basketball tournament season. Teams from across the nation will play ball for 21 days straight. While the nation’s best collegiate athletes from the South, East, Midwest and West are competing in basketball, however, bookies are playing both the athletes and fans. No doubt you’ve had a bracket sheet slipped onto your desk or a stack of bracket sheets dropped on the lunch table. Unknown to many, betting on sports is only legal in the state of Nevada. Nonetheless, illegal sports betting is rampant in the United States. But are the athletes, universities, fans and businesses paying too high a price for these illegal wagers?