The Trouble With Comparing American Pharoah To Serena Williams America has a sports betting obsession. The American Gaming Association estimates that Americans will spend $138.9 billion on illegal sports betting this year alone. $95 billion will bet on the NFL and college football games – of which $93 billion will be placed illegally. While football is the most popular sport for illegal sports betting, horse racing is a sport synonymous with legal sports gambling. What are two things every average fan knows about horse racing? It is an industry accused of being cruel to animals, and you can win a lot money betting on it. Granted, true horse racing aficionados exist many of whom were among the 16.0 million viewers of the 141st running of the Kentucky Debry, the 8.9 million viewers of the 140th Preakness Stakes and the 22.0 million viewers of the 147th Belmont Stakes.
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