U.S. Sports Betting Handle Surpasses Half a Trillion Dollars
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U.S. Sports Betting Handle Surpasses Half a Trillion Dollars
The U.S. has officially surpassed $500 billion in the amount of money bet at sportsbooks both in person and online since 2018. $149.6 billion was wagered in 2024 alone, reflecting 3,100% growth since PASPA’s repeal. New York leads all states with $69.13 billion in wagers since mobile betting began in 2021. Sports betting has generated $8.28 billion in tax revenue, including $2.83 billion in 2024. Hold rates are climbing, signaling greater sports…
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