In the New York State alone, betting on horses is a two billion dollar industry. At the same time, the state allows casinos to operate at the Indian territories. Yet, online sportsbooks in USA aren’t legalized, although states such as Nevada seek to make these a reality within the state borders.
Allowing horse betting, while making some other sports bets a felony, is a sign of legal hypocrisy. Different sets of laws apply to it. The horse racing tracks are also able to provide video slots to supplement the income. The lobbying efforts of this industry heavily influence the legislative process. You can bet on horses in New York, but you can’t do so on the American Football, making billions of dollars in Super Bowl bets done under the table.