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China Bet $3 Billion Illegally on World Cup

Law enforcement authorities in China have announced that more than $3 billion in wagers were placed during the month long World Cup tournament that was held in Brazil.

The amount reported was on illegal sites that authorities knew about and shut down, meaning that there is likely much more cash that was exchanged online during the World Cup than is being reported. The big number revealed shows that most of the money was bet online.

During the World Cup, more than 108 people were arrested on betting related offenses, and numerous sites were shut down during the government.

Gambling is illegal in China, except for sports lotteries, which also reported record business during the World Cup.

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