Summary
In 2024, Japanese citizens reportedly placed an astonishing JPY6.45 trillion (approximately US$45 billion) in bets on international sports via illegal offshore sites, marking a significant increase compared to their number of bets on domestic online casinos, which was roughly five times lower. These figures were compiled by the Council for Sports Ecosystem Promotion from data sourced from internet providers and international consultants.
Despite the ban on such activities, it’s been noted that local players still gambled around JPY1 trillion (US$6.94 billion) on domestic sports, including substantial sums on professional baseball, football, and basketball. Notably, instances of professional baseball players getting prosecuted for gambling on these offshore platforms have also been increasing.
Interestingly, while the figures highlight the extensive illegal betting activities in Japan, authorities have refrained from expanding the types of sports available for betting, keeping it limited to horse racing and specific motor sports.
Key Points
- Japanese citizens bet approximately JPY6.45 trillion (US$45 billion) on illegal overseas betting sites in 2024.
- This amount is about five times higher than bets placed on domestic online casinos.
- Around JPY1 trillion (US$6.94 billion) was wagered on domestic sports including baseball, football, and basketball.
- Recent legal actions against professional baseball players for gambling on offshore sites have increased.
- The Japanese government currently restricts legal sports betting to horse racing, bicycle, and motorcycle racing, and speedboat racing.
Why should I read this?
If you’re curious about the world of betting and the challenges surrounding regulation, this article is a must-read. With a staggering amount of money flowing into illegal markets, it paints a vivid picture of the current state of sports betting in Japan. Plus, understanding how illegal betting operates gives you insights into the ongoing debates around gambling legislation.
