With sports betting expanding, the American Gaming Association revealed that a record $13 billion was legally wagered in 2019, according to SBC Americas.
That total is a massive increase on the $6.6 billion wagered in 2018 as more states move to adopt sports gambling after the Professional and Amateur Sports Protection Act was overturned by the Supreme Court in May 2018.
Since that court decision, $17 billion has been wagered nationally, which resulted in $1.2 billion in sportsbook revenue and $152 million in revenue to state and local governments, according to the report.
According to legalsportsreport.com, 14 states now offer legal, regulated sports betting: Nevada, Delaware, New Jersey, Mississippi, West Virginia, Pennsylvania, New Hampshire, Rhode Island, Arkansas, New York, Iowa, Indiana, New Mexico and Oregon.
While 59 percent of sports wagering in 2019 took place outside of longtime sports-betting standard-bearer Nevada, the changing landscape has not done damage to the state’s betting handle. A total of $5.3 billion was wagered in Nevada in 2019, a record for the state, per sbcamericas.com.
Another six states — Colorado, Illinois, Michigan, Montana, North Carolina and Tennessee — plus Washington, D.C., are set to welcome legal sports betting in 2020.
–Field Level Media (@FieldLevelMedia)
