Sports Gambling in Israel

A study by economists at the Open University stated that $2.8 Billion (11 Billion Shekel) is spent on illegal sports betting on the black market in Israel.

If the sports betting market was legalized in Israel, the study estimates that the government would be able to collect up to $$315 Million (1.2 Billion Shekel) in tax revenue.

The total illegal gambling market in Israel is estimated to be worth $4.1 Billion.

(More stats about online sports betting.)

Source:  Moti Bassok, “Study: Legalized gambling in Israel would net NIS 1.2 billion in tax revenue,” Haaretz, December 10, 2012.