size of legal sports betting industry us

Keep in mind some states report robust information regarding legal wagers, while in others, data is sparse. market, now more than four years since PASPA fell. Some states have legalized only brick and mortar (B&M) sportsbooks for now, while others have also permitted online/mobile wagering demand has been enormous and some states have seen as much as 90% of all bets in the state placed via online/mobile.īelow is a look at reported figures by legal markets in the still-expanding U.S. were wagering $150 billion annually, prior to the overturning of PASPA, yet only about $5 billion of that was happening legally - in Nevada. The American Gaming Association previously estimated that sports bettors in the U.S. However, legal sports wagering has expanded to 29 states and counting as of early 2023 and is showing no signs of slowing down anytime soon. Previously, single-game sports wagering was confined to the state of Nevada, and Las Vegas became the mecca of U.S. That opened the floodgates to state-by-state legalization and regulation of sports betting. Supreme Court overturned the Professional and Amateur Sports Protection Act of 1992. gambling industry, including casinos, lotteries, and daily fantasy sports sites, scored a monumental win in May 2018 when the U.S.

Size of legal sports betting industry us