Plain and simple: Americans love gambling.
According to the American Gaming Association (AGA), the US sports betting industry generated an incredible amount of revenue in 2023, amounting to $10.9 billion. USA Today Sports. This number represents a significant 45% jump compared to 2022.
According to AGA, a total of $120 billion was bet last year. This particular number is a 30% jump from 2022 numbers. (Related: Numbers Don't Lie: Sportsbooks Completely Killed by Gamblers on Super Bowl Betting)
According to USA Today Sports, the exact numbers for that year were $93 billion in wagers and $7.5 billion in total revenue, according to AGA.
AGA reports that sports betting growth is a result of “primarily driven by continued maturation in most existing markets and some new markets, particularly Massachusetts and Ohio.”
With 2023 revenue of $1.7 billion, the top state for sports betting is New York, followed by New Jersey and Illinois with $1 billion. In 10th place is Nevada, with an income of $480 million.
The sports betting industry generated $10.9 billion in revenue in 2023.
+44.5% increase @AmericanGaming. pic.twitter.com/JWjQbQzMSo
— John Ewing (@johnewing) February 21, 2024
Personally, I love the expansion of sports betting in America.
Yeah, the situation in Florida is getting a little cloudy because of Daily Fantasy Sports (DFS), but I'm hoping a new law here in the Sunshine State will clear it all up, but oh well, I'm crap The money I've made since I started gambling in November, when I've been doing a lot of things. And, frankly, I fell in love with this industry.
Heck, I built an empire as a sports bettor and one day I dreamed of owning a casino or something and having beaucoup cash and being like Ace.
One day… one day. Please remember what I said. Pin this blog. It's coming.
