legal sports betting impact international

There’s no red- or blue-state uniformity to sports betting, and some states allow in-person but not online gambling.

But adoption varies considerably by state.

Today, the availability of digital betting technology is boosting industry and legislative measures to legitimize gambling. Sportshandle, which tracks online betting, reported that nationally, in August 2022, “Operators totaled $507 million in gross revenue spanning the 26 states and jurisdictions that offered legalized sports wagering, more than double the $217.2 million from August 2021.”Īmerica’s long tradition of legal and illicit sports wagering harkens back to a time when bookies roamed bars and barbershops a century ago. For instance, New York state received $302 million in tax revenue on sports betting between January and July of 2022. More states may adopt sportsbook gaming if it can generate a lucrative revenue stream. Yet, despite the California setback, online sports wagering has quickly spread to 30 states since a federal ban ended in 2018. Two sports betting initiatives that would have significantly boosted America’s online gambling industry went down in flames in the recent midterms.

Legal sports betting impact international