Your March Madness Office Pools Should All Be Legal
The U.S. Government Doesn’t See It That Way, But Everyone Could Benefit from the $9 Billion Dollars Americans Wager on College Hoops
Roughly 40 million Americans are expected to fill out a total of 70 million brackets and bet $9 billion on March Madness this month, according to data from the American Gaming Association.
And all of them will be criminals in violation of up to three federal laws.
The most commonly violated law will be the Professional and Amateur Sports Protection Act (PASPA), which passed through Congress in 1992 at the behest of the four major pro sports leagues (NBA, MLB, NFL, and NHL) and the NCAA. It effectively prohibits sports gambling outside …