|The Basketball season’s ‘March Madness’ last weekend looks set to beat the Superbowl in terms of online betting: Antigua-based sportsbook Intertops.com, for example, anticipated handling 400,000 bets last weekend.|
Quoted in the San Francisco Chronicle, Intertops.com executive Kyle Fratini said that the betting action would be 'bigger than the Super Bowl and second only to the World Cup,' pointing out that last weekend’s action involves 64 teams.
According to Christiansen Capital Advisors, a New York market research firm, over 1,400 sports gaming Web sites have come online since 1995, attracting an estimated 5 million users. 'There's always been a demand for sports betting,' said Eugene Christiansen, the firm's CEO. 'It's just being more efficiently supplied today than it was before. Getting sports info and betting in 'real time' is quite attractive.'
'Technically, the act of placing the bet on the Internet from California is a violation of the law,' said Nathan Barankin, spokesman for the California attorney general's office. 'But it's very difficult to identify the bettor and the offshore company facilitating the bet. You don't have the manpower to go after people, and it's a ridiculous use of our sources. We need an adequate use of federal enforcement.'