The American sports wagering sector witnessed explosive growth in 2022, hitting an astounding $74 billion, a remarkable 70% increase from the prior year’s $44 billion. This surge in engagement is primarily linked to the rising number of states giving the green light to sports wagering following a pivotal Supreme Court ruling in 2018.
Not surprisingly, Nevada, the long-standing gambling epicenter of the nation, witnessed a colossal $27 billion staked on sporting events. Nevertheless, it was New Jersey that clinched the leading position, boasting a total of $31 billion in wagers placed since its legalization that same year. Other states such as Pennsylvania, Illinois, and New York, which more recently embraced legal sports betting, are swiftly gaining ground, showcasing the immense potential of this rapidly expanding sector.
Industry analysts posit that this is merely the beginning. As sports wagering becomes progressively more available throughout the US, we can anticipate witnessing even more phenomenal growth in the coming years.
Although authorities gain from the income gambling taxes generate, utilizing people’s passion for wagering to finance advancements, it’s vital to recall that games of chance can be perilous. Only wager what you can stand to part with, and if you have difficulty with betting, get assistance.
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