US betting market sets records

Publication date: 17 January 2023

In 2022, the US sports betting market reached $74 billion. This is a 68.2% increase over the 2021 estimate of $44 billion. This data was provided by Sportsbook Review.

In addition, the researchers compiled the top 10 states with the highest number of bets (since betting was legalized in their territory).  The state with the biggest number of bets taken was New Jersey ($31 billion). This is followed by Nevada ($27 billion) and Pennsylvania ($17 billion). Illinois ($16 billion), New York ($15 billion), Indiana ($10 billion), Colorado ($9 billion), Michigan ($8 billion), Virginia ($7 billion) and Tennessee ($6 billion) are also ranked.

• Read more about the gambling market in a review on 3S.INFO, “How to Promote Betting and Gambling in the USA?”

New York State, one of the leaders of the gambling industry in the US, has provided some interesting statistics of its own.  Legal gambling became available here on 8 January 2022 and since then the profit figures have been setting new records. December 2022 was no exception, with gross gaming revenue (GGR) from betting totaling $141.8 million, up 3.9% from November. Leaders in terms of GGR were BC FanDuel, DraftKings, Caesars Sportsbook, BetMGM, Rush Street Interactive, PointsBet, Wynn Interactive, Resorts World and BallyBet operator.

Which US states accept sports betting?

Recall that the USA is a republic consisting of 50 states and the federal district of Columbia. 

• Sports betting is allowed in 31 US states and the DC. Betting shops and online betting are legal in 26 territories (Iowa, Arizona, Arkansas, Virginia, Delaware, West Virginia, Illinois, Indiana, Kansas, Colorado, Columbia (District), Connecticut, Louisiana, Maryland, Mississippi, Michigan, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island). Only online betting is accepted in 2 states (Wyoming and Tennessee), only land-based betting via betting shops is accepted in 4 states (Washington, Wisconsin, North Carolina, South Dakota).
• Three states have officially legalized betting: Massachusetts is waiting for the sports betting market to be launched officially (January-March 2023), Oklahoma and Minnesota have passed legislation legalizing sports betting, but no date has been set for the launch of the market.
• Six US states are considering legislation to regulate gambling: Vermont, Kentucky, Maine, Missouri, North Dakota and South Carolina.
• Eight states have banned sports betting: Idaho, Alabama, Alaska, Hawaii, Georgia, California, Texas, Utah.

Moreover, the American market is one of the world’s leading regulated online gambling markets. According to SafeBettingSites (according to Statista and H2 Gambling Capital), it ranks second for 2022 with gross revenue of $11 billion. This is $1.5 billion less than the leader, the UK.