United States Department of Justice
| Year | Revenue from Sports Betting Industry in the USA (in billion USD) |
| 2018 | 5.2 |
| 2019 | 6.5 |
| 2020 | 7.6 |
The United States Department of Justice has recently clarified its stance on sports betting in the USA. In 2018, a Supreme Court ruling struck down a previous federal law that had prohibited sports betting in most states. Since then, individual states have been given the authority to legalize and regulate sports betting within their respective borders. As of 2021, sports betting is legal in over 20 states, with more expected to follow suit. It’s important to note, however, that online sports betting is only legal in a few of these states. The revenue generated by the sports betting industry in the USA reflects its growing popularity among Americans, with revenues increasing steadily year after year. (Sources: American Gaming Association, Legal Sports Report)
Federal Wire Act
| Nearly $150 billion | Annual illegal sports betting activity in the US | AGA, 2021 |
| 20+ | States that legalized sports betting after the Supreme Court ruling in 2018 | ESPN, 2021 |
| 1961 | Year the Federal Wire Act was enacted | Legal Information Institute, 2021 |
| Prohibits | The Federal Wire Act prohibits the use of wire communication to transmit bets or gambling information | Legal Information Institute, 2021 |
| Does not | The Federal Wire Act does not specifically address online sports betting | Legal Information Institute, 2021 |
The Federal Wire Act, enacted in 1961, prohibits the use of wire communication to transmit bets or gambling information. However, it does not specifically address online sports betting. Nearly $150 billion is spent annually on illegal sports betting activity in the US. After the Supreme Court ruling in 2018, over 20 states have legalized sports betting.
Professional and Amateur Sports Protection Act (PASPA)
| Year | States with Legal Sports Betting | Est. Annual Sports Betting Revenue |
|---|---|---|
| 2018 | 5 | $430 million |
| 2019 | 13 | $1.5 billion |
| 2020 | 22 | $4.3 billion |
The Professional and Amateur Sports Protection Act (PASPA) was a federal law in the United States that prohibited sports gambling in most states. However, the Supreme Court of the United States struck down PASPA in May 2018, allowing for individual states to legalize sports betting. Since then, the legal sports betting industry has rapidly expanded, with 22 states currently allowing for legal sports betting in 2021. In 2018, only 5 states had legal sports betting, with an estimated annual revenue of $430 million. By 2020, the number of states had more than quadrupled, and the estimated annual revenue had grown to $4.3 billion. (References: American Gaming Association, ESPN)
Indian Gaming Regulatory Act
| Year | Number of States With Legal Sports Betting | Amount Wagered on Sports | Revenue from Sports Betting |
|---|---|---|---|
| 2018 | 5 | $5.2 billion | $430 million |
| 2019 | 13 | $13 billion | $1.2 billion |
| 2020 | 18 | $21.5 billion | $1.5 billion |
The Indian Gaming Regulatory Act (IGRA) was introduced in the United States in 1988 to regulate Indian gaming, which includes casinos, bingo halls, and other gambling activities on tribal lands. However, it does not specifically address sports betting. The decision to legalize sports betting is left to the individual states, with many legalizing it since the Supreme Court overturned the federal ban in 2018. As of 2021, sports betting is legal in 22 states and the District of Columbia, with more states expected to legalize it in the future. Despite this, some states still consider sports betting illegal and others have limited types of sports betting allowed. Information obtained from the American Gaming Association.
Unlawful Internet Gambling Enforcement Act (UIGEA)
| Year | Amount Wagered (in billions) | Revenue Generated (in millions) |
|---|---|---|
| 2018 | 150.82 | 2,964.4 |
| 2019 | 154.42 | 2,849.1 |
| 2020 | 165.03 | 2,882.8 |
The Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006 prohibits the acceptance of payments associated with unlawful internet gambling. However, it does not explicitly make sports betting illegal in the USA. Instead, it empowers law enforcement to target online gambling operators and payment processors. Despite this law, sports betting has continued to grow in popularity, and the industry has seen significant revenue growth in recent years. In 2020, sports betting generated $2.8 billion in revenue, representing a 1.3% increase from the previous year.
Online Sports Betting Market
| Year | Market Size (in billion USD) | Projected CAGR |
|---|---|---|
| 2016 | 45.8 | 11.5% |
| 2017 | 49.6 | 8.5% |
| 2018 | 57.1 | 15.8% |
| 2019 | 66.0 | 6.9% |
| 2020 | 85.0 | 29.9% |
The online sports betting market is a rapidly growing industry, with a projected global market size of $85 billion USD in 2020 and a compound annual growth rate (CAGR) of 29.9%. While sports betting is illegal in the United States under the Professional and Amateur Sports Protection Act of 1992, the Supreme Court overturned the law in 2018, allowing individual states to legalize sports betting. As of 2020, 18 states and Washington DC have legalized sports betting, with more expected to follow. This changing legal landscape presents significant opportunities for online sports betting companies to expand their operations and capture a share of the growing market.
Offshore Betting Sites
| Year | Number of Illegal Offshore Betting Sites |
| 2015 | 2,000+ |
| 2016 | 2,400+ |
| 2017 | 2,800+ |
| 2018 | 3,000+ |
| 2019 | 3,200+ |
Offshore betting sites have been a popular way for individuals to place bets on sports events, despite being illegal in the United States. According to available data, the number of illegal offshore betting sites operating in the US has risen steadily from 2,000+ in 2015 to 3,200+ in 2019. While these sites continue to operate, the FBI has cracked down on several high-profile cases of illegal sports betting, resulting in convictions and hefty fines. However, the allure of offshore betting sites remains and bettors continue to take the risk.
Gambling Addiction
| Year | Number of Americans with Gambling Addiction | Percentage of Americans with Gambling Addiction |
|---|---|---|
| 2016 | 2 million | 0.8% |
| 2018 | 2.6 million | 1% |
| 2020 | 3 million | 1.1% |
Gambling addiction is a serious issue in the United States with a growing number of people affected by it. According to a study conducted in 2020, around 3 million Americans suffered from gambling addiction, which accounts for 1.1% of the population. This shows a significant increase from the numbers in 2016 and 2018, where 2 million and 2.6 million Americans respectively had gambling addiction. As sports betting in the USA becomes more accessible, experts fear that these numbers could continue to rise, making it essential for those suffering from gambling addiction to seek help.
State Laws on Sports Betting
| State | Legalization Status | Online Sports Betting |
|---|---|---|
| Nevada | Legal | Yes |
| New Jersey | Legal | Yes |
| Pennsylvania | Legal | Yes |
| Indiana | Legal | Yes |
| West Virginia | Legal | Yes |
| Iowa | Legal | Yes |
| Oregon | Legal | Yes |
| Colorado | Legal | Yes |
| Illinois | Legal | Yes |
| Michigan | Legal | Yes |
According to the U.S. Supreme Court’s decision in May 2018, individual states can legalize sports betting if they so choose. As of 2021, sports betting is legal in eleven states including Nevada, New Jersey, Pennsylvania, Indiana, West Virginia, Iowa, Oregon, Colorado, Illinois, and Michigan. While some states have only legalized in-person betting, others have also allowed online sports betting. It is important to note that laws regarding sports betting vary by state and can change frequently, so it is important to stay up-to-date with the latest regulations. (Sources: American Gaming Association, Legal Sports Report)
National Collegiate Athletic Association (NCAA)
| Year | Amount Wagered | Amount Lost | Amount Paid in Taxes |
|---|---|---|---|
| 2019 | $154 billion | $11 billion | $8.3 billion |
The National Collegiate Athletic Association (NCAA) governs collegiate sports in the United States. In the U.S., sports betting is illegal except in Nevada, Delaware, Montana, and Oregon. However, the Professional and Amateur Sports Protection Act was repealed in May 2018, paving the way for states to legalize sports betting. As of 2019, 20 states and the District of Columbia have legalized sports betting, while six others have legalized it but have not yet launched operations. According to the American Gaming Association, in 2019, $154 billion was wagered on sports in the U.S., with $11 billion lost by bettors and $8.3 billion paid in taxes.
American Gaming Association (AGA)
| Year | Number of states with legal sports betting |
| 2018 | 1 |
| 2019 | 13 |
| 2020 | 18 |
The American Gaming Association (AGA) is a trade group that represents the commercial casino industry in the United States. As of 2021, according to the AGA, sports betting is legal in 26 states and the District of Columbia. The number of states with legal sports betting has increased significantly since the Supreme Court’s decision to strike down a federal ban on sports betting in 2018. In 2019, sports betting became legal in 13 new states, and by 2020, the number had grown to 18. The AGA advocates for responsible gaming policies and works to promote the industry’s contributions to local economies.
Las Vegas Sands Corp.
| Year | Number of States with Legal Sports Betting |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 26 |
Las Vegas Sands Corp. is a hospitality and gaming company that operates casinos and resorts in Las Vegas and other countries. In the US, sports betting has been legal in certain states since 2019. As of 2021, 26 states have legalized sports betting, with more potentially following suit. However, the legality varies by state and there are still some states where sports betting is illegal. It is important to check the laws in one’s own state before participating in sports betting. Las Vegas Sands Corp. does not have any direct involvement with sports betting, but as a gaming company, they may be affected by changes in the industry. This information was gathered from commonly accessible sources such as ESPN and the National Conference of State Legislatures.
Caesars Entertainment Corp.
| Year | Number of States with Legal Sports Betting |
|---|---|
| 2018 | 6 |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 26 |
Caesars Entertainment Corp., a leading casino-entertainment company, has been closely monitoring the changes in sports betting legislation in the United States. Since the Supreme Court’s ruling in 2018, legalizing sports gambling on a state-by-state basis, the number of states offering legal sports betting has increased. In 2018, only six states had legal sports betting, while in 2021, 26 states have legalized sports betting, and more states are expected to follow. Caesars Entertainment Corp. has been actively expanding its sports betting offerings in the states where it is legal, offering customers a safe and legal way to enjoy sports betting. (Sources: American Gaming Association, ESPN)
William Hill US
| Year | Number of States where Sports Betting is Legal |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 26 |
William Hill US is a leading sportsbook operator in the United States. Sports betting was previously illegal in most states across the country due to the Professional and Amateur Sports Protection Act (PASPA) of 1992. However, the Supreme Court overturned PASPA in May 2018, making it legal for states to regulate and legalize sports betting as they see fit. Since then, the number of states where sports betting is legal has been increasing rapidly. As of 2021, sports betting is legal in 26 states, including New Jersey, Nevada, Pennsylvania, and Colorado. William Hill US operates in these states and continues to expand its business as more states legalize sports betting. (References: American Gaming Association, National Conference of State Legislatures)
MGM Resorts International
| Year | Number of States with Legalized Sports Betting |
|---|---|
| 2017 | 1 |
| 2018 | 6 |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 23 |
According to the above table, the legalization of sports betting has gradually increased in the USA in the past few years. As of 2021, 23 states have legalized sports betting. MGM Resorts International, a major hospitality and entertainment company, operates several casinos and sports betting facilities in legal states such as Nevada, Michigan, and New Jersey. With the increasing number of states legalizing sports betting, MGM Resorts International has the opportunity to expand its sports betting services in the USA, contributing to the growth of the company.
DraftKings
| Year | Total Amount Wagered | Total Revenue | Tax Revenue |
| 2019 | $11.3 billion | $323 million | $30.7 million |
DraftKings is a popular sports betting company in the United States. As of 2019, the total amount wagered in the US was $11.3 billion, with DraftKings earning $323 million in revenue. Tax revenue also generated from sports betting in the US amounted to $30.7 million. While sports betting is illegal in some states in the US, DraftKings operates legally in many states where sports wagering is allowed and licensed. The information in the table is based on commonly accessible references.
FanDuel
| Year | Number of states with legal sports betting | Number of states with pending legislation | Number of states with no legislative action |
|---|---|---|---|
| 2019 | 13 | 6 | 31 |
FanDuel, a popular fantasy sports and sports betting website, operates legally in the United States since 2018. As of 2019, 13 states have passed legislation to legalize sports betting and six states have pending legislation. However, 31 states have yet to take any legislative action regarding legalizing sports betting. It is important for individuals to understand the laws in their state before participating in any type of sports betting. References: Legal Sports Report, ESPN.
Betfair US
| Year | Number of States with Legalized Sports Betting |
| 2018 | 1 |
| 2019 | 13 |
| 2020 | 19 |
| 2021 | 26 |
Betfair US is a company that operates a sports betting platform in the United States. As of 2021, sports betting has become legal in 26 states across the country. In 2018, only one state had legalized sports betting, with that number jumping to 13 in 2019 and 19 in 2020. This growth in the legalization of sports betting indicates a changing attitude towards the practice in the US. Betfair US can operate legally in the states where sports betting is allowed, but it is important to note that regulations may vary between states.
The Stars Group
| Year | No. of states where sports betting is legal |
|---|---|
| 2018 | 0 |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 25 |
The Stars Group is a company focused on the online gaming and betting industry. As of 2021, sports betting is legal in 25 states in the US. However, the legality of sports betting is still a hot topic of debate in some states. The federal government enacted the Professional and Amateur Sports Protection Act (PASPA) in 1992, which made sports betting illegal in most states. The Supreme Court overturned PASPA in 2018, allowing individual states to legalize sports betting if they choose to do so. The number of states where sports betting is legal has increased significantly since then, with 25 states now having legalized it. The Stars Group operates in states where sports betting is legal and adheres to all applicable laws and regulations.
Scientific Games Corp.
| Year | Number of states where sports betting is legal |
|---|---|
| 2018 | 7 |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 23 |
Scientific Games Corp. is a global provider of interactive gaming and lottery solutions. As of 2021, sports betting is legal in 23 states in the USA, with 18 states legalizing it in 2020 alone. In 2018, only 7 states had legalized sports betting. This indicates a significant increase in the acceptance of sports betting in the USA, which could lead to more growth opportunities for companies like Scientific Games Corp. in the future. (Sources: https://www.espn.com/chalk/story/_/id/31045582/legal-sports-betting-states-nationwide and https://scientificgames.com/about-us)
888 Holdings
| Year | Total Amount Wagered | Total Revenue | Total Taxes Paid |
|---|---|---|---|
| 2019 | $13.3 billion | $908 million | $117 million |
In the United States, sports betting was legalized in 2018 by the Supreme Court, giving individual states the power to decide whether or not to allow it. As of 2019, 13 states have legalized sports betting and 6 other states have passed legislation and are awaiting licensing. 888 Holdings, a global online gambling company, operates in the legal US sports betting market and reported a total amount wagered of $13.3 billion in 2019, generating $908 million in revenue and paying $117 million in taxes.
GVC Holdings
| Year | Number of states with legal sports betting |
| 2018 | 1 |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 26 |
GVC Holdings is a multinational sports betting and gaming group with a strong presence in the United States market. As of 2021, 26 states have legalized sports betting, a significant increase from just one state in 2018. In the United States, it is illegal to operate a sports betting facility without the appropriate license in the states where it is legal. GVC Holdings adheres to all state regulations and operates within the legal framework set forth by each individual state. With the growth of legal sports betting across the country, GVC Holdings continues to expand its operations and maintain its leading position in the industry.
Flutter Entertainment
| Year | Number of States with Legalized Sports Betting | Revenue Generated by Legalized Sports Betting (in billions) |
| 2018 | 6 | 0.430 |
| 2019 | 13 | 0.908 |
| 2020 | 21 | 1.553 |
Flutter Entertainment is a global sports betting and gaming company. In the United States, the laws surrounding sports betting have undergone significant changes in recent years. In 2018, only six states had legalized sports betting, generating around $430 million in revenue. By 2019, the number of states had more than doubled to 13, and revenue skyrocketed to nearly $1 billion. As of 2020, sports betting is now legal in 21 states, with revenue exceeding $1.5 billion. These numbers indicate a clear trend towards more widespread legalization and acceptance of sports betting in the US. [Sources: American Gaming Association, Legal Sports Report]
Kindred Group
| Year | Total amount wagered (in billions USD) | Amount lost by bettors (in billions USD) | Gross gambling revenue (in billions USD) |
|---|---|---|---|
| 2016 | 154.53 | 11.95 | 13.96 |
| 2017 | 158.50 | 12.90 | 17.23 |
| 2018 | 149.44 | 13.22 | 10.30 |
Kindred Group is a European online gambling company with a focus on sports betting, casino games, and poker. It has operations in several countries, including the United States. As of 2019, sports betting is legal in 13 states in the USA, while it is illegal in the remaining ones.
According to publicly available statistics, the total amount wagered in the USA on sports in 2018 was 149.44 billion USD. This resulted in a gross gambling revenue of 10.30 billion USD for the sports betting industry. However, bettors lost 13.22 billion USD during this period.
These statistics indicate that despite the illegality of sports betting in many US states, it remains a significant activity in terms of market size. The Kindred Group, like other online gambling companies, may perceive these figures as evidence of a vast market opportunity in the USA.
PointsBet USA
| Year | Number of states with legal sports betting |
| 2018 | 7 |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 24 |
PointsBet USA is a sports betting operator that has been expanding its operations in the United States. As of 2021, 24 states have legalized sports betting. This trend began in 2018, when only 7 states had legalized sports betting. In 2019, the number increased to 13, and in 2020, it reached 18. The legalization of sports betting varies by state, with some states allowing online betting and others only allowing betting at designated locations such as casinos. PointsBet USA operates in states where sports betting is legal and regulated. According to a report by the American Gaming Association, legal sports betting in the United States generated $21.5 billion in handle in 2020. This demonstrates the potential for the industry and the value it can bring to states that legalize it.
theScore
| Year | Number of states where sports betting is legal |
| 2018 | 6 |
| 2019 | 13 |
| 2020 | 18 |
theScore is a sports media company that provides up-to-date scores, news, and odds for sports fans. Many states in the USA have legalized sports betting, but it varies from state to state. In 2018, only 6 states had legalized sports betting. However, by 2020, 18 states had legalized it. It is important to note that federal law still prohibits sports betting in the majority of states, but individual states have been able to pass laws legalizing it. As of 2021, sports betting is legal in 22 states and the District of Columbia. (Source: American Gaming Association)
Rush Street Interactive
| Year | Number of states where sports betting is legal |
| 2018 | 6 |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 26 |
Rush Street Interactive is a gaming company that operates online casinos and sportsbooks. As of 2021, sports betting is legal in 26 states in the USA, up from just 6 states in 2018. The company can potentially expand its business in these states where sports betting is legal and cater to a larger audience. It is important to note that while sports betting is legal in some states, it is still illegal in others, so companies like Rush Street Interactive must comply with all state and federal laws to avoid any legal issues.
Golden Nugget Online Gaming
| Year | Number of States Where Sports Betting is Legal | Number of States with Pending Legislation | Number of States with No Legalization Efforts |
| 2019 | 13 | 6 | 31 |
Golden Nugget Online Gaming is a premier online casino and sportsbook, with offerings available in multiple states across the US. As of 2019, sports betting was legal in 13 states, with 6 more states having legislation in the works to potentially legalize it. However, there were still 31 states with no active efforts to legalize sports betting. It’s important to note that laws and regulations can vary by state and change over time. This information is intended for general informational purposes only and should not be construed as legal advice.
Boyd Gaming Corp.
| Year | Revenue in billions (USD) | Net income in millions (USD) |
|---|---|---|
| 2017 | 2.5 | 157.9 |
| 2018 | 2.6 | 262.3 |
| 2019 | 3.3 | 210.9 |
Boyd Gaming Corp. is a premier gaming and entertainment company in the United States, operating 29 casinos in 10 states. The company has been expanding its operations and increasing its revenue over the years. In 2019, Boyd Gaming Corp. reported a revenue of $3.3 billion and a net income of $210.9 million. While sports betting is legal in some states in the USA, it is still illegal in many others. The legality of sports betting in a particular state depends on the state’s laws and regulations. Therefore, it is important to check the laws of the state in which you reside or plan to visit regarding sports betting before placing a bet.
Penn National Gaming
| Year | Estimated Betting Revenue (in billions USD) |
| 2018 | 5.0 |
| 2019 | 6.8 |
| 2020 | 4.4 |
Penn National Gaming is a company that operates numerous casinos and racetracks throughout the United States. As of 2021, sports betting is legal in 26 states and the District of Columbia. However, it is still illegal on a federal level and available only through state-regulated operations. The revenue generated from legal sports betting in the United States has increased significantly in recent years, with an estimated 2019 revenue of 6.8 billion USD. In 2020, the revenue decreased to 4.4 billion USD due to the COVID-19 pandemic. This information was obtained from commonly accessible sources such as the American Gaming Association and the National Indian Gaming Commission.