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 … Read more

NCAA

NCAA President Charlie Baker stated that the NCAA aims to ban college prop betting across the country. Maryland, Ohio, and Vermont have already removed college prop bets from their regulated sportsbooks. The college prop bet bans don’t apply to internationally licensed sportsbooks like Bovada and … Read more

Mobile Sports Betting

Sportsbooks posting the highest hold percentages are found in states without mobile sports betting. But, states with mobile-only sports betting aren’t seeing better bettors across the US industry. States with professional sports teams could play more of a factor than mobile betting access. DOVER, Del. … Read more

South Carolina Legislators

This morning, South Carolina representatives Herbkersman and Rutherford introduced a bipartisan sports betting bill; it has been sent to the House Judiciary Committee. Under the bill, up to 12 mobile sportsbooks would be available in South Carolina, and cryptocurrency would be available for deposits and … Read more

Super Bowl Cash

According to a report released by the American Gaming Association, an estimated 31.4 million Americans will bet on Super Bowl LVI in some way. The report also predicts a $7.61 billion Super Bowl betting handle – a 78% increase from last year – with 55% … Read more

sportsbooks2

Nine states launched their legal sports betting industry in 2021, nearly a third of all states that have legalized and regulated a sports betting industry in the United States. Several states witnessed a large increase in sports betting revenue, handle, hold rate, and tax contributions, … Read more