Sports betting boom: Gross revenue hit $7.5 billion in 2022, shattering record
69 Josh Schafer Josh Schafer·Producer Wed, February 15, 2023 at 4:30 PM GMT·3 min read In this article:
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Sports betting broke records in 2022, according to new data released by the American Gaming Association (AGA).
According to the AGA findings, sports betting gross game revenue hit a record $7.5 billion last year, a nearly 75% increase from 2021, while total gross gaming revenue (GGR), which accounts for all legal gambling, exceeded $60 billion for the first time ever.
“Our industry significantly outpaced expectations in 2022,” AGA President and CEO Bill Miller said. “Simply put, American adults are choosing casino gaming for entertainment in record numbers, benefiting communities and taking market share from the predatory, illegal marketplace.”
US Sports Betting Revenue Shoots Up 61% as Markets Added
US sports betting revenue soared 61.1% to $7.5 billion last year, boosted by the launch of a new market and the rollout of mobile betting in more states
RE: This is why the selling started....15 Feb 2023 09:35
Super Bowl betting sets records for sportsbooks
This was the first Super Bowl played in a state with legal sports betting.
Already, sportsbooks are accepting wagers for next year’s Super Bowl, which, for the first time, will take place in America’s gambling capital – Las Vegas.
The American Gaming Association, the trade group representing the casino industry, projected a record 50.4 million American would wager $16 billion on this year’s Super Bowl, double last year’s estimate
With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. The American Gaming Association is predicting that more than 50 million people will bet about US$16 billion on the National Football League championship game between the Kansas City Chiefs and Philadelphia Eagles
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