$7.5 Billion Wagered on Sports Betting in US Last Year

Data released by the American Gaming Association (AGA) on sports betting in the US showed that gross gaming revenues from the current 33 states that have legalised the activity hit $7.5 billion in 2022 that is a huge rise of 75% on 2021 figures. The AGA also said that the total amount gambled in the US on all forms of gambling hit $60 billion.

AGA President and CEO Bill Miller said on the data: “Our industry significantly outpaced expectations in 2022,” he went on to say. “Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefiting communities and taking market share from the predatory, illegal marketplace.”

While currently 33 states have some form of sports betting legalised there are another 8 states that have legislation or are going through the legal process of allowing sports betting.

Many analysts believe that number will continue to grow over the year and onwards, however one state that is bucking the trend and seems unlikely to join the sports betting industry for at least two more years in California, who late last year voted down any forms of sports betting in the state.