Sportsbook

U.S. Commercial sports wagering handle surpasses USD 250 B Post-PASPA

Thursday 24 de August 2023 / 12:00

⏱ 1 min read

(New York).- The rampant popularity of sports wagering across the United States is showing no signs of slowing down, as total handle in jurisdictions with commercial betting recently cleared $250 billion in the post-PASPA era.

U.S. Commercial sports wagering handle surpasses USD 250 B Post-PASPA

It was a quick leap in terms of a $50 billion interval, with just five-plus months to go from $200 million to $250 million. It was an eight-month span to get from $150 million to $200 million, a threshold crossed in early March. The introduction of large-market states Ohio and Massachusetts this year, coupled with the now-normal $1 billion-plus monthly handles in New York, drastically shortened the gap.

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State	Handle	% of Total U.S. Handle	Year Launched
New Jersey	$39,474,025,789	15.78%	2018
Nevada*	$33,496,672,836	13.39%	2018
New York	$26,768,372,416	10.70%	2019
Illinois*	$24,060,004,539	9.62%	2020
Pennsylvania	$22,766,881,867	9.10%	2018
Colorado*	$12,795,525,466	5.11%	2020
Indiana	$12,750,989,638	5.10%	2019
Michigan	$11,268,698,854	4.50%	2020
Arizona*	$11,005,985,362	4.40%	2021
Virginia*	$10,750,479,177	4.30%	2021
TOTALS	$205,137,635,944	82.00%
All Other States	$45,043,331,409	18.00%
U.S. TOTAL HANDLE	$250,180,967,353
*Totals thru June 2023

Year Two of mobile betting in the Empire State is running ahead of its 2022 pace. The fall figures to continue that trend, with the New York Giants coming off a playoff berth last season and the Jets the talk of the NFL offseason with their acquisition of star quarterback Aaron Rodgers.

With a majority of revenue reports in for July, there has been $59.3 billion wagered nationally in the first six-plus months of 2023. To put that number in perspective, that total is already more than the $57.8 billion wagered in all of 2021. With at least two more states — notably Kentucky — set to launch before the end of the year, coupled with the popularity of NFL wagering as the season draws near, it seems a near certainty that handle for this calendar year will set a new record and surpass $100 billion.

Categoría:Sportsbook

Tags: Sin tags

País: United States

Región: North America

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