American Gaming Association
| Year | Revenue (in billion USD) |
| 2018 | 4.9 |
| 2019 | 6.5 |
| 2020 | 4.3 |
According to the American Gaming Association, sports betting refers to the act of placing a wager on the outcome of a sporting event. In the United States, sports betting has become an increasingly popular form of entertainment. In 2019, the industry generated $6.5 billion in revenue. However, due to the COVID-19 pandemic, the revenue dropped to $4.3 billion in 2020. Despite this setback, the industry is still expected to grow as more states legalize sports betting.
Nevada Gaming Control Board
| Total Sports Betting Handle in Nevada in 2019 | $5.3 billion |
| Total Revenue from Sports Betting in Nevada in 2019 | $329.1 million |
| Number of Sportsbooks in Nevada | 200+ |
The Nevada Gaming Control Board regulates sports betting in the state of Nevada. In 2019, the total sports betting handle in Nevada was $5.3 billion, generating a revenue of $329.1 million. There are over 200 sportsbooks operating in Nevada, making it a popular destination for sports betting enthusiasts.
National Council on Problem Gambling
| Statistic | Value |
|---|---|
| Total Annual Revenue of Sports Betting in the US | $18.2 billion |
| Number of States with Legalized Sports Betting | 25 |
| Number of People with Gambling Problems in the US | 2-3 million |
| Percentage of People with Gambling Problems who Seek Treatment | 10% |
The National Council on Problem Gambling defines sports betting as the act of placing a wager on the outcome of a sports game or event. The practice has become increasingly popular in the United States, with a total annual revenue of $18.2 billion. Currently, 25 U.S. states have legalized sports betting. However, sports betting can also lead to gambling addiction, which affects 2-3 million people in the United States. Only 10% of those with gambling problems actively seek treatment. It is important to gamble responsibly and seek help if necessary.
(Source: National Council on Problem Gambling)
The Supreme Court of the United States
| Year | Number of states with legal sports betting |
| 2018 | 1 |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 25 |
The Supreme Court of the United States made a ruling in May 2018 that allowed individual states to legalize sports betting. Since then, the number of states with legal sports betting has steadily increased. In 2018, only one state had legalized sports betting, but by 2021, 25 states have passed legislation to allow it. These numbers show the significant growth of sports betting in the United States since the Supreme Court’s decision.
National Collegiate Athletic Association
| Statistic | Value | Reference |
|---|---|---|
| Annual sports betting market size in the US | $150 billion | https://www.legalsportsreport.com/sports-betting-revenue/ |
| Number of states with legal sports betting | 18 | https://www.espn.com/chalk/story/_/id/27333555/where-every-state-stands-legal-sports-betting |
| Revenue from March Madness (NCAA basketball tournament) betting | $1.4 billion | https://www.legalsportsreport.com/march-madness-betting-statistics/ |
| NCAA’s stance on sports betting | Against it | https://www.ncaa.org/sportscienceinstitute/topics/sports-wagering |
The National Collegiate Athletic Association(NCAA) is one of the largest and most influential bodies in college sports in the US. Sports betting has seen a surge in popularity in recent years, with an estimated market size of around $150 billion annually in the US alone. In 18 states, betting on sports is now legal, with more expected to follow suit in the coming years. The annual NCAA basketball tournament, known as March Madness, is a highlight of the sports betting calendar, with an estimated $1.4 billion in revenue generated in 2019. The NCAA is against sports betting, citing the potential harm it poses to student-athletes and the integrity of the sport.
Federal Wire Act
| Year | Revenue ($ billion) | Number of States |
|---|---|---|
| 2018 | 13.0 | 7 |
| 2019 | 21.0 | 13 |
| 2020 | 21.5 | 18 |
Sports betting is the act of placing a wager on the outcome of a sporting event. In the United States, sports betting was illegal for many years due to the Federal Wire Act, which prohibited the use of wire communications to transmit bets across state lines. However, in 2018 a Supreme Court ruling overturned the federal ban and allowed individual states to legalize and regulate sports betting within their borders. Since then, the industry has experienced rapid growth, with revenues reaching $21.5 billion in 2020 across 18 states that have legalized sports betting. With more states expected to legalize sports betting in the coming years, the industry is projected to continue its strong growth trajectory. (Sources: American Gaming Association, Legal Sports Report)
Professional and Amateur Sports Protection Act
| Year | Gross Revenue (in billions USD) | Number of States with Legal Sports Betting |
|---|---|---|
| 2019 | 13.0 | 13 |
| 2020 | 21.5 | 18 |
| 2021 | 31.0 | 26 |
Sports betting is the act of placing wagers on the outcome of sporting events. In the United States, the legality of sports betting was largely restricted until 2018 with the overturning of the Professional and Amateur Sports Protection Act (PASPA). Since then, the industry has grown rapidly with billions of dollars in gross revenue. As of 2021, sports betting is now legal in 26 states and continues to increase in popularity. According to commonly accessible references, the gross revenue for sports betting in the United States was 13 billion USD in 2019 and has since increased to 31 billion USD in 2021.
Department of Justice
| Year | Amount Wagered | Revenue |
|---|---|---|
| 2019 | $13.0 billion | $908 million |
| 2018 | $6.4 billion | $430 million |
| 2017 | $4.9 billion | $295 million |
The Department of Justice oversees the legality of sports betting in the United States. In recent years, the industry has experienced significant growth. In 2019, the amount wagered on sports in the US reached $13.0 billion, generating $908 million in revenue. This was an increase from 2018, when the amount wagered was $6.4 billion and revenue was $430 million. In 2017, the industry saw $4.9 billion in wagers and $295 million in revenue. With the ongoing popularity of sports and the increasing legalization of sports betting across the country, this industry is likely to continue to grow.
National Football League
| Total sports betting revenue in USA in 2020 | $2.9 billion | Statista |
| Estimated amount of sports betting in USA in 2020 | $150 billion | American Gaming Association |
| Number of states with legal sports betting | 31 | ESPN |
The National Football League (NFL) is an American football league consisting of 32 teams. It is one of the most popular sports leagues in the world and has a significant impact on sports betting in the United States. In 2020, the total revenue from sports betting in the US was $2.9 billion. The estimated amount of sports betting in the US in the same year was $150 billion. Currently, sports betting is legal in 31 states, including several where NFL teams are based. It is clear that the NFL and sports betting are interconnected in the US, and the league will continue to have a significant impact on the industry’s growth.
Major League Baseball
| Year | Amount Wagered (in billions) | Revenue Generated (in billions) |
|---|---|---|
| 2018 | 150 | 8.5 |
| 2019 | 167 | 10.0 |
| 2020 | 210 | 11.2 |
Major League Baseball is a professional sports league in the United States that is popular for sports betting. Sports betting is the act of placing a wager on the outcome of a sports event. In the US, sports betting has become increasingly popular since 2018 following a Supreme Court ruling that allowed states to legalize it. In 2020, the amount wagered on sports betting in the US was $210 billion, generating $11.2 billion in revenue. Major League Baseball, with its loyal fan base and numerous games, contributed significantly to this figure. It is clear that sports betting is becoming a lucrative industry in the US, with Major League Baseball being a key player in it.
Factual reference: https://www.legalsportsreport.com/sports-betting-revenue/
National Basketball Association
| Total Sports Betting Market Size (in USD) | Estimated $150 billion |
| Legal Sports Betting Market Size (in USD) | $21.5 billion |
| Number of US states with legal sports betting | 21 |
| Number of NBA teams | 30 |
| NBA team with highest value (in USD) | New York Knicks ($4.6 billion) |
The National Basketball Association (NBA) is one of the major professional sports leagues in the United States. Sports betting is a popular activity in the country, with an estimated total market size of $150 billion. Of this amount, about $21.5 billion comes from the legal sports betting market. Currently, 21 US states have legalized sports betting. The NBA is composed of 30 teams, with the New York Knicks being the most valuable team worth $4.6 billion. As sports betting continues to grow in popularity, it is likely that these numbers will continue to rise.
National Hockey League
| Year | Revenue | No. of Teams |
|---|---|---|
| 2016 | $4.54 billion | 30 |
| 2017 | $4.86 billion | 31 |
| 2018 | $5.1 billion | 31 |
| 2019 | $5.16 billion | 31 |
The National Hockey League (NHL) is a professional ice hockey league in North America. With 31 teams as of 2019, the NHL has seen a steady increase in revenue from $4.54 billion in 2016 to $5.16 billion in 2019. Sports betting is becoming increasingly popular in the United States, with the introduction of legalized betting in many states. According to the American Gaming Association, approximately $6 billion was wagered on the 2019 Super Bowl alone. As sports betting continues to grow, the NHL is well-positioned to benefit from the trend.
United States Congress
| Year | Amount Wagered | Gross Revenue |
|---|---|---|
| 2018 | $4.9 billion | $430 million |
| 2019 | $6.8 billion | $528 million |
| 2020 | $21.5 billion | $1.5 billion |
The United States Congress lifted the federal ban on sports betting in May 2018 in a landmark decision. Since then, the industry has experienced explosive growth, with a total amount wagered of $4.9 billion in 2018 increasing to $21.5 billion in 2020. Gross revenue for the industry has also seen significant growth, with $430 million in 2018 increasing to $1.5 billion in 2020. The popularity of sports betting in the USA continues to soar, with more and more states legalizing the practice and contributing to the industry’s growth.
American Bar Association
| Year | Number of States with Legalized Sports Betting |
| 2018 | 1 |
| 2019 | 13 |
| 2020 | 18 |
| 2021 | 25 |
Sports betting is the activity of predicting sports results and placing a wager on the outcome. In the United States, the legality of sports betting varies by state. The Professional and Amateur Sports Protection Act of 1992 had previously prohibited sports betting in all states except for Nevada. However, in 2018, the Supreme Court struck down the law and allowed states to legalize sports betting. Since then, the number of states with legalized sports betting has been steadily increasing. As of 2021, 25 states and the District of Columbia have legalized sports betting, with more expected to follow.
Source: American Gaming Association.
Delaware Lottery
| Year | Total Revenue(millions) | Sports Betting Revenue(millions) |
|---|---|---|
| 2018 | 302.5 | 13.6 |
| 2019 | 336.5 | 13.9 |
| 2020 | 306.7 | 28.2 |
Delaware Lottery is a government agency responsible for managing and regulating legal gambling in Delaware. Sports betting is one of the forms of gambling that is legal in Delaware. In 2020, the total revenue generated by Delaware Lottery was $306.7 million, out of which $28.2 million was from sports betting revenue. This represents a significant increase compared to previous years. In 2018 and 2019, the sports betting revenue generated by Delaware Lottery was $13.6 million and $13.9 million, respectively. These statistics show the growing popularity of sports betting in Delaware and its contribution to the overall revenue generated by Delaware Lottery.
Mississippi Gaming Commission
| Year | Number of Sports Betting Handle | Revenue Generated |
| 2018 | $157,005,140 | $17,816,893 |
| 2019 | $369,176,039 | $44,503,009 |
| 2020 | $1,008,888,346 | $94,125,730 |
The Mississippi Gaming Commission is responsible for regulating all forms of gambling activities in Mississippi, including sports betting. Sports betting is a form of gambling that involves placing a wager on the outcome of a sporting event. In the United States, sports betting was illegal in most states prior to the Supreme Court’s decision to strike down the Professional and Amateur Sports Protection Act in 2018. Since then, Mississippi has seen a significant increase in sports betting activity and revenue. In 2020, the state saw over $1 billion in sports betting handle and generated $94 million in revenue. These statistics highlight the growing popularity and profitability of sports betting in Mississippi.
West Virginia Lottery Commission
| Year | Amount Wagered on Sports | Revenue Generated |
| 2019 | $362 million | $27 million |
| 2020 | $539 million | $36 million |
The West Virginia Lottery Commission oversees sports betting in the state, which has seen a significant increase in activity in recent years. In 2020 alone, $539 million was wagered on sports in the state, generating $36 million in revenue. This growth has been fueled in part by the legalization of online and mobile sports betting, as well as increasing public interest in sports. Sports betting allows individuals to place bets on various sporting events, from professional leagues to college sports, in hopes of winning money. However, it is important for individuals to gamble responsibly and within their means.
(Source: West Virginia Lottery Commission)
Rhode Island Lottery
| State | Total Handle | Total Revenue |
|---|---|---|
| Rhode Island | $590 million | $94 million |
The Rhode Island Lottery oversees legal sports betting in the state. Sports betting in the United States refers to the act of placing a wager (bet) on the outcome of a specific sporting event. Rhode Island is one of many states that have legalized sports betting since the Supreme Court’s decision to lift the federal ban on sports betting in 2018. In Rhode Island, the total handle (total amount wagered) for sports betting in 2020 was $590 million, while the total revenue (profit made by the Rhode Island Lottery) was $94 million. Sports betting has become increasingly popular in the United States and continues to grow as more states legalize the activity.
Factual reference: Rhode Island Lottery Annual Report 2020.
Pennsylvania Gaming Control Board
| Year | Amount Wagered (in billions) | Revenue Generated (in millions) |
| 2018 | 5.2 | 308.9 |
| 2019 | 9.2 | 543.2 |
| 2020 | 4.4 | 189.7 |
The Pennsylvania Gaming Control Board regulates and oversees all aspects of sports betting within the state. Sports betting refers to the activity of predicting sports results and placing a wager on the outcome. In the USA, the sports betting industry has experienced significant growth over the past few years. According to the American Gaming Association, Americans collectively wagered over $13 billion on sports in 2019. The industry is expected to continue its growth, reaching a total of $22.4 billion in annual revenue by 2025. With the legalization of sports betting in more states, the industry is rapidly expanding throughout the country. (Sources: American Gaming Association, Businesswire)
New Jersey Division of Gaming Enforcement
According to the New Jersey Division of Gaming Enforcement, sports betting in USA has grown significantly since it was legalized by the Supreme Court in 2018. In 2020, the industry generated a total revenue of $1.5 billion in the state of New Jersey alone, with online betting accounting for over 90% of the total handle. The most popular sports for betting were football, basketball, and baseball, with the NFL and NCAA football being the most wagered on sports events. The industry also provided over 4,700 jobs in the United States, and is expected to continue to grow in the upcoming years with an estimated revenue of $8 billion by 2025. (Sources: NJDGE, Statista)
Iowa Racing and Gaming Commission
| Sports betting revenue in Iowa | $4.7 million | (August 2019) |
| Total sports betting handle in Iowa | $59.3 million | (August 2019) |
| Number of Iowa sports betting locations | 18 | (as of September 2019) |
The Iowa Racing and Gaming Commission is responsible for regulating sports betting in Iowa. Sports betting is the act of placing a wager on the outcome of a sports event. In August 2019, sports betting revenue in Iowa was $4.7 million, with a total betting handle of $59.3 million. As of September 2019, there are 18 sports betting locations throughout the state of Iowa. The Iowa Racing and Gaming Commission ensures fair and safe sports betting practices that adhere to Iowa state law.
Oregon Lottery
| Total amount wagered on sports betting in the US in 2020 | $21.5 billion | Legal Sports Report |
| Number of states with legal sports betting as of August 2021 | 32 | ESPN |
| Revenue generated by Oregon Lottery sports betting in 2021 | $5.6 million | Oregon Lottery |
Oregon Lottery offers sports betting as part of its portfolio of games since August 2019. Sports betting is the act of placing a wager on the outcome of a sporting event. In the US, the amount wagered on sports betting in 2020 is $21.5 billion. As of August 2021, 32 states have legalized sports betting. Oregon Lottery sports betting has generated $5.6 million in revenue in 2021.
New Hampshire Lottery
| Year | Amount Wagered ($) | Amount Paid Out ($) | Revenue ($) |
| 2019 | 293,885,977 | 263,736,885 | 30,149,092 |
| 2020 | 547,268,292 | 502,860,247 | 44,408,045 |
| 2021 (Jan – May) | 358,538,249 | 322,798,993 | 35,739,256 |
The New Hampshire Lottery offers sports betting options for people in the state. In 2019, over $293 million was wagered with over $263 million paid out, resulting in $30 million in revenue. In 2020, the amount wagered increased to over $547 million, with over $502 million paid out, resulting in $44 million in revenue. From January to May of 2021, over $358 million was wagered with over $322 million paid out, resulting in $35 million in revenue. These figures demonstrate the popularity and profitability of sports betting in the state of New Hampshire.
Tennessee Education Lottery Corporation
| Year | Total Wagers | Total Revenue |
|---|---|---|
| 2020 | $2.1 billion | $220 million |
| 2019 | $1.4 billion | $118 million |
| 2018 | $1.2 billion | $132 million |
The Tennessee Education Lottery Corporation oversees sports betting in Tennessee, USA. In 2020, the total amount of wagers placed on sports betting in Tennessee was $2.1 billion, which generated a total revenue of $220 million. These numbers have been steadily increasing since sports betting was legalized in the state in 2018. Sports betting is a popular form of entertainment in Tennessee, with many people participating in online betting platforms.
Colorado Limited Gaming Control Commission
| Year | Revenue (in billions) |
| 2018 | 4.9 |
| 2019 | 6.5 |
| 2020 | 7.6 |
The Colorado Limited Gaming Control Commission regulates sports betting in the state of Colorado. Sports betting involves placing bets on the outcome of sporting events such as football, basketball, and baseball. It is legal in Colorado and has been on the rise in recent years. In 2020 alone, sports betting revenue in Colorado reached $7.6 billion. As the industry continues to grow, it provides significant tax revenue for the state.
Illinois Gaming Board
According to the Illinois Gaming Board, sports betting has become a popular form of gambling in the United States. In 2020, the total amount of money wagered on sports was $21.5 billion. The most popular sports to bet on were football, basketball, and baseball. In Illinois, the state collected $46 million in taxes from sports betting revenue in 2020. It is expected that the sports betting industry will continue to grow, reaching a market size of $8 billion by 2025.
Indiana Gaming Commission
| State | Total Handle | Total Revenue | Tax Revenue |
|---|---|---|---|
| Indiana | $1.8 billion | $141.2 million | $13.3 million |
The Indiana Gaming Commission regulates sports betting in Indiana, which has quickly become one of the largest markets in the United States. In 2020, the state’s total handle for sports betting was $1.8 billion, resulting in total revenue of $141.2 million and tax revenue of $13.3 million. Sports betting allows individuals to place wagers on the outcome of various sporting events, from professional football games to college basketball tournaments. It is a form of gambling that is heavily regulated and monitored to ensure fairness and transparency.
Michigan Gaming Control Board
| Year | Total Sports Betting Handle in Michigan | Gross Sports Betting Revenue in Michigan |
|---|---|---|
| 2021 (as of August) | $1.2 billion | $105.2 million |
| 2020 (full year) | $860.7 million | $53.8 million |
| 2019 (before legalization) | N/A | N/A |
The Michigan Gaming Control Board regulates sports betting in the state. Sports betting allows individuals to legally place wagers on sporting events, with wagering taking place either in person at licensed casinos or online through licensed operators. The total sports betting handle in Michigan reached $1.2 billion as of August 2021, with a gross sports betting revenue of $105.2 million. In 2020, the total sports betting handle was $860.7 million with a gross revenue of $53.8 million. Prior to legalization in 2019, there were no statistics available.
Virginia Lottery
| Year | Revenue Generated | Number of Participants |
|---|---|---|
| 2019 | $4.3 million | NA |
| 2020 | $11.3 million | NA |
| 2021 (first 3 months) | $304 million | 2.2 million |
Virginia Lottery regulates sports betting in the Commonwealth of Virginia. Sports betting is the act of placing a wager on the outcome of a sporting event. In the USA, sports betting has been restricted to a few states because of the Professional and Amateur Sports Protection Act (PASPA) of 1992. However, after the Supreme Court struck down PASPA as unconstitutional in 2018, states started to legalize sports betting. Virginia Lottery approved online sports betting operators in January 2021. Virginia’s sports betting market is growing at an exponential rate, and in the first three months of 2021, it generated $304 million in revenue, with 2.2 million people participating. (Sources: Virginia Lottery, Legal Sports Report)
Arkansas Racing Commission
| Year | Amount Wagered | Revenue |
| 2018 | $5.2 billion | $430 million |
| 2019 | $7.6 billion | $315 million |
| 2020 | $21.5 billion | $1.5 billion |
The Arkansas Racing Commission is responsible for regulating sports betting in the state of Arkansas. Sports betting is a form of gambling where individuals place wagers on the outcome of sports events. In the United States, the sports betting market has grown significantly in recent years. According to the American Gaming Association, in 2020, Americans legally wagered over $21.5 billion on sports, generating over $1.5 billion in revenue for the industry. This growth is expected to continue, with some experts projecting that the sports betting market could be worth up to $8 billion by 2025.