US Online Betting Market Statistics

Wagering on sports has become a popular form of entertainment in many parts of the globe, and the US is not an exception. That being said, wagering on sports has a complex history in the US and a decade-long court battle ultimately deemed such activities legal. The sports betting market in the US began thriving in 2018 after the Supreme Court lifted the ban on sports betting and gave state governments a free hand to set their policies on the matter.

While more than half of the states already opened the door for gambling expansion, there are still territories whose authorities maintain a rather illiberal stance on gambling activities.

The online gambling market in the US is growing at an unseen speed and this is due to many factors, including the advancement in technology, increasing digitalization, and the growing trust in sports betting operators. The improved Internet connectivity and proliferation of handheld devices have also fueled the growth of the industry. Sports betting operators are also on the search for innovative and attention-grabbing features that should make the punters’ experience all the more exciting.

Although the online sports betting market sees unprecedented growth, the industry still faces various challenges, including regulatory uncertainty. The growing concerns about problem gambling and the increasing need for improved cybersecurity measures are also on the list of challenges the industry is up against.

US Online Betting Market Size Overview

• According to data released in 2022, in 2021, the US online gambling market was estimated to be worth $9.5 billion, $0.8 billion higher when compared to the previous year. The segment that produced the biggest portion of the revenue was the online sports betting industry.
• As of September 2021, betting on sports was the most chosen form of online gambling as the share of respondents who picked it was 32%. The lottery draw was preferred by 21% of respondents, which made it the second most popular form of online gambling.
• According to a survey made in 2021, the most favored form of gambling was playing lottery games, and the share of respondents who picked it was 37%. Playing in a casino and playing slots online ranked second and third, and they got the attention of 21% and 17% of respondents respectively. Playing table and card games were preferred by 14% of Americans while buying tickets for lucky draws was what 13% of people chose.
• In 2019, the share of US bettors who said they had placed bets at least each month that year was around 13%.
• In 2023, the revenue the online sports betting industry is expected to generate is $7.62 billion.
• According to forecasts for 2022, the number of online sports bets in the US was expected to reach 19 million.
• In 2021, the reported revenue of legal sportsbooks in the US was $4.34 billion. This figure is forecast to grow to $15 billion by 2026.
• By 2025, the revenue the online sports betting industry is expected to generate is $5 billion. As for land-based sports betting, the profit is projected at $1.5 billion.
• The average revenue per user in the US is projected at $244.90.
• According to an analysis made in 2021, the public interest in wagering on sports varied widely among their fan base. It turns out that fans of the National Hockey League were most interested in wagering, and the percentage of respondents who said they are keen on such activities exceeded 60%. Fans of the NFL were least keen on betting on the sport, and those who stated that they want to place bets on their favorite sport were 48%.
• A survey carried out between February 2020 and January 2021 shows that the interest in sports betting and fantasy sports apps has gone through multiple ups and downs. According to the information provided by inMobi, the biggest drop in the installation of such apps was observed in April 2020 as a result of the Coronavirus outbreak. The next month, sports betting app installations spiked and reached 253%. This sharp increase was due to the resumed season of Major League Baseball. The next big drop was marked in October 2020, when a decrease of 72% was reported.

• The available data indicates that sports betting and fantasy apps enjoyed considerably greater popularity among male respondents. According to the information provided by InMobi, in 2021, this was the case with all the six sports betting and fantasy sports betting companies that were included in the survey conducted in March.

• By 2027, the online sports betting market is projected to reach a volume of $14.44 billion, which is an annual growth rate of 17.32%.
• By 2027, the number of users who will bet on sports over the Internet is expected to reach 49.26 million.
• Experts consider that in 2023, the user penetration will be 9.2%. This figure is expected to continue growing in the years to come, and in 2027, this percentage is expected to reach 14.3%.
• Through 2028, the American sports betting market is expected to see a compound annual growth rate of 10.1%. For the most part, the growth is expected to come from online sports betting and to a considerably smaller degree from casino bets and offline wagering on sports.

• According to data provided by Google, there was an increase of 177% in the searches for same-game parlay bets between December 2021 and January 2022. The queries for sports betting saw an increase of around 24%. Spread bets and parlay bets were also searched for, and the increase they saw was 57% and 51%, respectively.

Factors Americans Tend to Consider When Looking for a Sports Betting Service

Sports Bettors in the US Demographics

As the interest in online betting burgeons, especially when wagering on sports is concerned, it is natural that the demographics of the market also pique the interest of experts. There are various statistics that are a testament to the ever-growing engagement of Americans in online sports betting activities, and in this section, we will provide more information regarding the demographics of punters. We will provide in-depth information regarding the amount punters stake and who exactly engages in such activities.

• A research conducted by the Fantasy Sports & Gaming Association disclosed that the share of Americans who engaged in online betting on sports, be it legally or not, was around 19%.
• A study released in 2021 revealed that around 46% of adults or well over 100 million people, said they were keen on betting on sports in states where such activities are legalized.
• In December 2021, the share of Americans who placed bets on sports over the Internet was 18%, while those who described themselves as non-bettors were 82%.

• When the frequency of wagering on sports is concerned, figures show that in December 2021, the share of respondents who said they wager on sports daily was the highest among those aged 35-44.

• The percentage of respondents who placed bets on sports least frequently was those aged 21 – 34 and 35 – 44. With each age group, the share of surveyed adults who said they bet on sports less than once per month was 8%.

• At the beginning of 2023, a survey was carried out in order to define how frequently Americans place bets on sports. It might come as a surprise that the share of adults who said they have never bet on sports was the highest and was estimated to be 60%. Among the surveyed, just 6% said that they wager on sports every day or almost every day.

• In June 2021, YouGov conducted a survey and asked respondents to determine what they are likely to do in the next 30 days.

Engagement in Online Sports Betting in the US Based on Gender

• In a 2021 study, it was found that the share of men who place bets on sports online was considerably higher than the percentage of women. While the percentage of male online sports bettors was 80%, the female ones were just 20%.
• A study conducted in February 2020 found that the share of men who engaged in wagering on sports was just 20%. The percentage of surveyed female respondents who said they participated in wagering on sports was just 7%.

Engagement in Sports Betting in the US Based on the Age Group

• A survey conducted in 2020 shows that the share of respondents who said they have engaged in wagering on sports was the biggest among US residents aged 30 to 44 and stood at 22%.
• According to research conducted in 2021, more than 50% of sports bettors who prefer to place their bets online were between 18 and 34 years old.
• A research done by CivicScience in 2021 found that the percentage of online sports bettors is the highest among respondents aged 21-29 years and exceeded 50%. According to the available data, the share of non-bettors was the highest among respondents aged 40 and older, and those who said they do not wager on sports over the Internet were 95%.

• When weekly sports betting participants are concerned, figures show that their share is the largest among respondents aged 35 to 44. The percentage of respondents who said they placed bets on sports over the Internet last week was estimated to be 15%.

Engagement in Online Sports Betting Based on Income

• In 2021, the percentage of online sports bettors who made more than $75,000 was around 45%.
• According to a survey carried out by CivicScience, around 67% of gambling enthusiasts who bet on sports over the Internet in 2021 were employed full-time.

Average Amount Online Sports Bettors Bet on Sports in the US

• According to a survey conducted among adults aged 21+ by CivicScience regarding the average amount they stake while betting online, it became evident that the largest share of respondents staked less than $10.

• As for the average amount online sports bettors stake depending on their age, it turns out that respondents who are aged 25 to 34 are most disposed to stake less than $10. Those aged 34 to 54, on the other hand, are most disposed to make bets of more than $50.

• In June 2021, YouGov conducted a study to provide an insight into the money Americans tend to stake when they engage in various forms of gambling each month.

• In 2021, a survey found that the share of respondents who engaged in wagering on sports at least once per week was around 12%.
• As for the frequency with which punters place bets on sports, a 2021 survey found that around 75% of all respondents said they have never wagered on such events. The share of respondents who said they wager on sports occasionally was just 12%.
• In 2021, it was estimated that the total amount Americans wagered on sports was $58 billion. Considering the massive expansion of the market, it makes sense that the market is not expected to slow pace, and by 2026, the handle of the sports betting market is projected to reach $210 billion.
• It turns out that 2022 has been a record year when it comes to the amounts Americans have staked on sports online, and to help you better understand how much growth the market has seen that year, we will draw a comparison with the monthly total wagered in 2021, 2020, and 2019.

States Where Sports Betting Is Legal Stats

The Professional and Amateur Sports Protection Act (PASPA) was enacted in 1992 and its aim was to prevent states from allowing wagering on college and professional sports.

The prohibition outside the state of Nevada persisted for decades, and this led to the proliferation of illegal sports betting. Following a 2018 Supreme Court decision, sports betting was legalized in a number of states, and just a year later, the emerging industry was already thriving. Following the post-PASPA era, sports betting quickly started sprouting out like a weed and continues to make its way to new states all the time.

• According to information presented in 2019 by the American Gaming Association, since the fall of PASPA in May 2018, American bettors have staked more than $10 billion.

• According to an analysis made between 2018 and 2019, the revenue operators generated was estimated to be worth $272.92 million. Just for comparison, the federal government generated considerably less profit which amounted to $13.69 million.
• Figures show that in 2019, FanDuel and DraftKings generated $140 million in online revenue in New Jersey. The revenue the entire market generated back then was $177 million.
• Figures show that the revenue of the first seven states where betting on sports was made legal reported combined revenue of $9.99 billion from June through July 2019. The profit sportsbooks held during that period was $625 million, which was about 6.25% of all bets.
• Land-based wagering on sports in the state of Pennsylvania was legalized in 2017, and as of January 2023, the total tax revenue from sports betting was $14.13 million. Just for comparison, the total tax revenue generated by betting on sports just a month earlier was $19.66 million.
• After the ban on sports betting was lifted in 2018 and New Jersey became one of the first states to start offering such activities. For now, the state comes in first in terms of revenue and handle, while the runner-up is Nevada. Although New York’s sports betting industry is still in its infancy as the market there was opened in January 2022, figures show that the state is quickly closing the gap and some experts even say that the state will get a top stop in the next two years.
• Figures show that during the first month after sports betting was allowed in New York, the number of accounts opened exceeded 1 million.
• According to New York search figures from 2021, the share of new sports bettors is heavily on the rise, and an increase of 94% is observed in the overall betting search.

• When compared to April 2022, sports betting revenue grew by 23.0 percent. It is important to note that online expansions and the impact of new betting markets are not taken into account.
• According to information provided by the American Gaming Association, the produced year-to-date commercial sports betting revenue in April 2023 was $3.67 billion, up by more than 69% in comparison with the same period in 2022.

• A report released by the American Gaming Association revealed that Q1 2023 commercial gaming revenue topped $16.60 billion, thus setting a new quarterly high. According to the information provided in the report, the highest-grossing month ever was March, and the produced revenue is estimated to be worth $5.90 billion.
• The report released by AGA shows that in Q1 2023, 18 out of 35 commercial gaming markets set new revenue records during that period. Mississippi is an exception, however, and figures show that the state is trailing its revenue from the same period last year.
• According to the information released by the American Gaming Association, in Q1 2023, revenue records are observed in all commercial gaming verticals. The share of online gambling was 24.7%, which was a record high for the vertical. Retail gaming, on the other hand, accounted for 75.3% of all revenue.
• According to an analysis made by the American Gaming Association, in April 2023, New York was the top sports betting state in terms of revenue. Figures show that the revenue generated in the state during that period was $139 million. Illinois came right after NY with a revenue of $90 million. New Jersey, Ohio, and Massachusetts ranked third, fourth, and fifth respectively.

• The AGA has also found that in the first quarter of 2023, the amount Americans have legally staked on sports was a record $31.11 billion. Thus, the quarterly revenue was $2.79 billion, an increase of 70.1% year-over-year.

Arizona

Arkansas

• According to a report available on the Department of Finance and Administration’s website, the amount sports betting and casino games generated between July 2022 and June 2023 was estimated to be $98,475,051.00.

• Figures released in 2022 show that the total revenue wagering on sports and casino games generated was $83,227,390.00.

Colorado

• According to an analysis made by the Colorado Department of Revenue, the total gross gaming revenue retail and online sports betting activities produced between 2020 and 2023 was estimated to be worth $817,032,484.45. The total net sports betting proceeds were estimated to be worth $416,565, 479.72.

Connecticut

• Wagering on sports in Connecticut has been allowed since 2021, and such activities can be offered on mobile, online, and in retail settings. Here are some key findings provided by the Connecticut State Department of Consumer Protection

Delaware

• The legalization date of sports betting activities in the US state of Delaware was May 14, 2018, and just a few weeks later, the market was officially launched. According to figures provided in January 2023, the sports betting handle was estimated to be worth $8.46 billion, an increase of around $30 billion in comparison with the previous month. The revenue the sports betting industry produced in the first month of 2023 was around $1.64 million, and just a month earlier, the monthly sports betting revenue was $1.36 million.

District of Columbia

• While offline betting on sports was legalized in 2020, and according to a report released by the DC Lottery, an increase is seen in betting activity and produced revenue. Based on the information in the report, the total amount sports betting fans have staked in March 2023 was $18.1 million. When compared to the same period in 2022, this is an increase of around 19%.

Illinois

• The online sports betting market of Illinois consistently ranks among the most thriving markets in the US and figures go to prove this. In-person betting on sports went live in the state in 2020 and according to a Sports Wagering Report presented by the Illinois Gaming Board, the handle for professional in-person sports For Tier 1 and Tier 2 betting was $14,629,226.31 and $9,382,521.98, respectively. When online sports betting is concerned, the report suggests that it was $395,769,910.84 and $452,849,177.62 for Tier 1 and Tier 2 sportsbooks, respectively.

Indiana

• The Indiana Gaming Commission releases sports betting revenue reports each month, and the last report introduced in May 2023 indicates that the industry sees a noticeable downturn in year-on-year and month-on-month handles. That being said, the state still manages to retain its strong position among other US states.

Iowa

• The Iowa Racing and Gaming Commission maintains a complete list of authorized wager offerings and provides regular reports about online and offline wagering on such events. According to the figures available, betting on sports causes a stir in the state, and one of the main reasons for its ever-growing success is the low tax rate.

Kansas

• According to a fiscal year summary report about sports wagering revenues introduced by the Kansas Lottery, the settled wagers over the Internet were estimated to be worth $881,797,505, while revenues came to $23,710,800. Based on the available data, the state share was $2,373,727.

Maryland

• Maryland’s online sports betting industry got off to a good start, and although the state is relatively small, its handle is comparable with the handles of other sports betting powerhouses across the US. In November 2022, the sports betting market generated more than $704,000 even though it was just a month old.

Massachusetts

• According to information released just two months after Massachusetts’s sports betting industry started operating, the industry turned out to be on track to exceed the expectations of experts. In just two months, the total amount that was raked in exceeded $22 million.

Michigan

• In May 2023, the Michigan Gaming Control Board reported that the total internet gaming gross receipts and gross sports betting receipts were worth $195.7 million in April alone. The figures provided by the board show that the gross sports betting receipts totaled $36.3 million. Just a month earlier, the internet gaming gross receipts were record-setting, and the Michigan Gaming Control Board reported that they totaled $44.6 million. In April 2023, the total Internet betting handle was $322.8 million, while in March it was $407.7 million.

Mississippi

• Mississippi is among the states where wagering on sports has a relatively long history as such activities were decriminalized in 2017. The Mississippi Gaming Commission publishes monthly reports, and figures show that in May 2023, the revenue the industry generated came at $3.18 million. Just a month earlier, the revenue the industry produced was worth $4.35 million.

Louisiana

• According to information provided by the Louisiana Gaming Control Board, wagering on sports continues to spike, and it was estimated that in November 2022, the state collected more than $6 million in taxes. The jump in revenue was massive and the generated amount was $6,265,200. It should be noted that 25% of the revenue goes towards early childhood education, 10% to local governments, while the rest of the money is used for gambling addiction programs and various other projects.
• According to the reports of the Louisiana Gaming Control Board, the sports betting industry saw great success also in December as the reported gross revenue was $37.2 million. Thus, the sports betting industry in the state saw four consecutive months in which the generated revenue topped $30 million. It should also be noted that the market eclipsed the $32.3 million threshold set in September. According to the information provided by the Board, the adjusted gross revenue was also record-breaking and was just $40,000 shy of $37 million.

Montana

• Montana’s sports betting industry was launched right before the Coronavirus outbreak, and because of this, it is not surprising that the industry did not see such overwhelming growth at first. A report introduced by the American Gaming Association indicates that the sports betting industry in Montana has seen major growth, and in 2022, the industry saw an increase of 12% ($7.2 million) in comparison with 2021.

Nevada

• In 2022, Nevada’s sports betting industry set a record as the revenue the industry produced came at $446.7 million. The total wagers made snapped the all-time high figures for 2021 as the combined amount punters staked came at $8.7 billion. Figures show that mobile sports betting continues to thrive, and accounts for around half of the revenue produced and more than 60% of all wagers.

New Hampshire

• In New Hampshire, offline wagering on sports was introduced in 2019, and figures show that the industry is on pace to continue booming. Each year, the New Hampshire Lottery provides detailed reports about sports betting revenue, and according to the FY2023 report, between July 2022 and June 2023, the sports betting handle was $844,367,926, while the GGR was $76,624,384.

New Jersey

New York

• Data shows that during the first year of operation of mobile wagering on sports in the state of New York, more than $909 million were generated in revenue. The total amount that was staked on sports throughout 2022 came at more than $16 billion. Since the launch of the sports betting industry in the state, the number of transactions has exceeded 1.2 billion.
• After the one-year anniversary of legal sports betting in New York was celebrated in January 2023, figures show that through January 7, the sports wagering handle came at $16,595,732,482. According to a report about the total mobile sports wagering gross gaming revenue (GGR) and taxes introduced by the New York State Gaming Commission, the total mobile sports wagering handle for April, May, and June is $4,069,439,744.

Ohio

• Although retail betting on sports was only launched in January 2023, figures show that such activities are bound to continue attracting huge crowds in the Buckeye State. The sports betting market in the state took off right away as in January 2023, the sports betting volume exceeded $1.1 billion.

Oregon

• Betting on sports in the US state of Oregon was decriminalized in 2019 but there are certain limits when it comes to the way such activities can be offered. To immerse in betting on sports, punters need to find a tribal casino that has launched a sportsbook or use lottery apps. In spite of this, sports betting is thriving in the state, and in January 2023, the reported revenue came in at $7.55 million.
• According to the reports provided by the Oregon Lottery, the total revenue the sports betting industry generated after its launch in 2019 is $90,802,280. The total amount sports bettors are reported to have staked by the end of 2022 is $983,793,124. In October 2022, the sports betting revenue mark was a mind-boggling 93.3% when compared to the same period in 2021.

Pennsylvania

Rhode Island

• In Rhode Island, offline wagering on sports was first offered in 2018 while betting on professional and colleague sports was introduced in 2019. A report presented by the Rhode Island Lottery shows that as of September 2022, the revenue of sportsbooks was $12,234,320, which was an increase of more than 40% in comparison with the same period the previous year. The revenue online sports betting produced came to $7,003,956.
• The Rhode Island Lottery Summary of Changes in Gross/Net Sales for the Three Months Ended September 30, 2022, shows that in 2022, the sportsbook gross handle was $87,342,791. When FY2023 is concerned, the sportsbook gross handle came at $94,623,482.

South Dakota

• South Dakota is one more state that deserves the attention of sports betting fans. Betting on sports was decriminalized in September 2021, and such activities can be offered in an online and offline form only in the city of Deadwood. Figures show that during the first year after sports betting was allowed, the wagered amount reached $2.4 billion. The generated taxes stood at $9.4.

Tennessee

• Tennessee is among the states with a rather unusual take on betting on sports as no retail sportsbooks are available. Betting on sports in Tennessee is only allowed using mobile apps and online, and such activities were introduced for the first time at the end of 2020. In January 2023, the reported sports betting revenue was $41.39 million, while February’s total was $49.18 million.

Virginia

West Virginia

• West Virginia is a state that allows all forms of online gambling and makes efforts to start offering mobile betting on sports. Even though West Virginia’s population is relatively small, sports wagering has seen huge success after the market started operating in 2018.

Wyoming

• Online betting on sports burgeons in the state of Wyoming, and figures go to back this claim. According to a report provided by the Wyoming Gaming Commission, the total monthly wagers within the state have been heavily on the rise between September 2021 and May 2023. In May 2023, the reported monthly wagers came in at $12,778,371.07, while the gross gaming revenue was $1,306,929.01.

States Where Sports Betting Is Legal Further Details

• Data provided by the American Gaming Association indicates that the commercial revenue across 28 jurisdictions (not counting Arizona), generated in April by online and land-based sportsbooks collectively, was estimated to be worth $820.4 million. When compared to the same period in 2022, this is an increase of more than 55%. What should be considered, however, is that in 2022, the number of states where commercial sports betting was allowed was 26. The commercial gaming revenue reached in 2022 was estimated to be worth $60.4 billion and passed the record scored in 2021 when the produced revenue was $53.0 billion.
• According to the State of States Report 2022, the direct gaming tax revenue paid to state and local governments was estimated to be worth $13.49 billion.
• According to the available data, in 2021, the win amount in sportsbooks that operate in Nevada was estimated to be worth $445.13 million. Just a year earlier, the win amount was $262.8 million.
• In 2012, the gross gaming revenue of sportsbooks that operate in Nevada was $170 million. According to the available data, between 2006 and 2012, the highest gross gaming revenue was reported in 2006 when it stood at $192 million.
• In 2012, the total amount that was wagered on sports events in sportsbooks in Nevada was estimated at $3.45 billion.

Sports Betting Revenue in the US between 2018 and 2023

Distribution of Sports Betting Revenue in States between 2018 and 2019

• Figures regarding sports betting revenue distribution in Delaware between June 2018 and July 2019 show that operators held the lion’s share of the generated proceeds. During that period, operators held $7.29 million of the produced revenue, while the state earned $7.01 million. The revenue the federal government earned was the smallest and was estimated to be worth $0.35 million.
• As was in Delaware, operators also held the largest share of the produced revenue and figures show that between 2018 and 2019, they generated $26.98 million. The state earned $2.52 million, while local authorities collected $1.26 million. The federal government got the smallest share of the revenue, which was estimated to be worth $0.79 million.
• Sports betting revenue was not evenly distributed in Pennsylvania either during that period, and once again, operators held the biggest portions of the proceeds. Between June 2018 and July 2019, they produced $18.27 million.
• In the state of West Virginia, the revenue operators generated $10.88 million. The federal government got the least share of revenue which was estimated to be worth $1.42 million. The state came in second with $1.42 in revenue.
• Unsurprisingly, the revenue operators generated in the state of New Jersey between June 2018 and July 2019 was the highest and was worth $185.13 million. The state got $25.94 million, while the federal government earned $8.71 million. The least amount of revenue was earned by local sports betting and was estimated to be worth $1.77 million.
• The revenue sports betting operators held during the same period in the US state of Nevada was $272.92 million. The federal government, on the other hand, held $13.69 million.
• As was the case with the above-mentioned US state, the largest portion of total sports betting revenue was held by operators also in Rhode Island. The generated amount between June and July was $3.43 million. The federal government accounted for just $0.34 million.

Sports Betting and Daily Fantasy Sports Providers in the US Statistics

• In 2017, DraftKings’ online net revenue was worth $155 million.
• A survey carried out in 2021 shows that the DraftKings app’s users are normally between 26 and 35 years old.
• According to another survey that studied the preferences of Americans for sports betting and fantasy apps, DraftKings Fantasy enjoys more attention from users who are between 18 and 25 years old. Those who are between 26 and 35 years old, on the other hand, favored FanDuel’s Fantasy Sports app more.
• According to an analysis made in July 2020, DraftKings was the most chosen sports betting service by Americans. The second most preferred sports betting service was FanDuel.
• According to an analysis made by Morning Consult, in December 2021, the sports betting service that was used by the lion’s share of Americans was DraftKings. According to statistics, more than 61% of regular sports bettors pointed to DraftKings as their most used sports betting service. FanDuel was a close second, and the share of respondents who said that they preferred to use the service was 56%. Caesars and BetMGM attracted an equal amount of attention as their services were chosen by 41% of regular bettors.

Attitude Towards Sports Betting in the US

• According to research commissioned by the American Gaming Commission, around 79% of Americans considered that sports betting should be made legal in the state they live in.

• Back in 2019, after the Supreme Court lifted the ban on sports betting activities just a year ago and such were brought in several states, a considerable share of US residents expressed their positive attitude towards the opening of the market. Figures show that more than 63% of respondents backed the Supreme Court decision.

• While a considerable share of Americans say they favor sports betting, the share of people who think that professional sports leagues should not be given a portion of the staked amount exceeds 50%. The supporters of this idea were just slightly more than 20% of all surveyed Americans.

• According to an AGA-commissioned research from 2019, two out of three respondents, or around 66% of people, consider that sports betting must be regulated by states but tribal governments should also oversee such activities.

*source: American Gaming Association: SPORTS BETTING IN 2019: OVERWHELMING PUBLIC SUPPORT FOR LEGAL SPORTS BETTING MARKETS

Offshore Online Betting in the US Statistics

Illegal sports betting has been in place and booming in the US for years, and such sports betting platforms continue to attract the interest of Americans even after the ban was overturned. Online betting is now thriving in many states across the US, and new ones are added to the roster of territories where such activities are allowed quite often. Although illegal sports betting is booming and lots of money is passing through illegal channels, the legal US sports betting market is on its pace for expansion and unseen growth.

• According to an analysis made by the American Gaming Association, the illegal sports betting industry in the US is estimated at $150 billion.
• The prevalence of illegal wagering on sports still remains widespread in the US, and Americans are reported to place more than $63 billion in illegal sports bets each year. According to the report presented by the American Gaming Association, Americans stake this amount with offshore bookies and sportsbooks that operate illegally in the country every year.
• Due to the proliferation of illegal sports betting, sportsbooks that are authorized to operate in the US are reported to lose $3.8 billion in revenue.
• The lost tax revenue for states is estimated to be $700 million.
• According to the findings of the American Gaming Association, illegal sports betting is most prevalent in southern states, and figures go to prove this. When southern states are concerned, the handle of illegal sports betting is estimated to be worth $29.5 billion. The midwestern states came in second as the handle of illegal betting on sports stood at $17 billion. The handle of illegal sports bets in the Northeast was $10.4Bion, while in the West, it was $7 billion.
• A survey conducted by the American Gaming Association shows that in 2021, around 49% of all sports bettors have wagered on sports using the services of sportsbooks that operate illegally in the US. It is interesting to note that a considerable share of these punters thought that they were doing so legally.
• Another survey conducted by the Fantasy Sports & Gaming Association (FSGA.) found that the share of people who do not know that they are placing bets on sports illegally is even higher and estimated to exceed 80%. Comparatively, the percentage of respondents who knew that they were using the services of unregulated sports betting platforms was just 19%.
• In 2022, legal sportsbooks across the US were expected to process over $100 billion in bets.
• According to the information provided by the American Gaming Association (AGA) regarding black market operators, more than half of all sports betting searches in states like Florida, for example, were held by Bovada.
• According to an analysis made by Google, the interest offshore sportsbooks attract is three times higher than the search activity legal sportsbooks garner in the US. Yet, when states like Indiana, Pennsylvania, and New Jersey are concerned, this tendency is flipped, which is natural, considering that their sports betting markets are more mature. According to the available data, in states where sports betting is legal, the searches for regulated sportsbooks are more than 3x higher than the searches for sports betting platforms that operate without a license.
• A survey conducted in 2021 shows that Americans who live in states where there is still a ban on sports betting are less likely to engage in such activities. The share of residents of such states who say they never place bets on sports exceeds 80%.