“We'll see action in probably nine or 10 states,” he says.īut don’t expect that many to legalize this year. The market has grown from seven states in 2018 to 37 (as well as Washington, D.C.) in the last four years.Ĭlark predicts that the next 12 months will be filled with records as existing state markets mature and new ones are launched. The industry has been on fire and growing rapidly. After the ban was struck down, states have been allowed to legalize sports betting and launch their own programs. PASPA had effectively made sports betting illegal except in Nevada and a few other states. The legalization of sports wagering has spread across the country since 2018 when the Supreme Court overturned the Professional and Amateur Sports Protection Act. “And certainly, the continued expansion and adoption of and maturation of legal sports betting across the country contributed to that.” “Last year was a record-breaking year for the gaming industry,” says Casey Clark, a senior vice president at the American Gaming Association (AGA). Illinois is a distant second with $795 million during the same period, and New Jersey is in third place with $763 million.Ĭasinos across the U.S., excluding tribal properties, generated $60.42 billion in gaming revenue-slots, table games and sports wagering-in 2022, up 14% from the annual record set in 2021. New York, which launched its mobile sports betting market last year, is number one in sports betting revenue with $1.4 billion in 2022. Sports betting companies generated $7.5 billion off those wagers, up 73% year-over-year. In 2022, Americans wagered $93.2 billion legally on sports, up 63% year-over-year, according to the American Gaming Association. (There are 24 states with operational online sports betting markets currently, while Kentucky, Maine, North Carolina and Vermont are in the process of launching their markets.)Īnd legalized gambling is paying off for the states that allow it. (To date, 33 states are operational, while four others have yet to launch their programs.) Mobile sports betting is now legal in 28 states, up from 18 in January 2022. With Vermont’s new law, sports betting is now legal in 37 states and Washington, D.C., up from 32 in 2021.

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