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Sports Betting: States that have wagered the most
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In 2018 the Supreme Court removed the federal ban on sports betting, allowing states to legalize it if they choose. Since then, many states have legalized sports betting, and in the last four years there has been significant growth. States report the amount of handle (total dollars wagered) and gross gaming revenue (total dollars won by a sportsbook) monthly. Research by Sportsbook Review analyzed this data and calculated the states that have spent the most in total as well as breaking down the totals of 2021 and 2022.
Americans went from wagering $44 billion in 2021 to a whopping $74 billion in 2022 – an increase of 70%!
1 – New Jersey
Legal online sportsbooks began taking bets in August 2018, two months after the law was signed by Gov. Phil Murphy. Since then New Jersey has seen a huge increase in wagers Reaching the $31 billion mark in just four years since legalization. So far in 2022 New Jerseyans have wagered more than $8 billion, the second-highest total in the country.
Wagered: $ 31,570,491,826
2 – Nevada
Nevada has had legal sports betting for decades and was the only state with legal sportsbooks until 2018. Nevada is one of the top destinations for sports betting and since 2018 has seen $27 billion be wagered. With over $7.5 billion of that wagered this year.
Wagered: $ 27,723,080,786
3 – Pennsylvania
Online sports betting has been legal in Pennsylvania since 2019 and since then over $17 billion has been wagered by Americans in the state. Pennsylvania bettors have wagered $5.7 billion for the year as of October 2022, with the total expected to cross $6 billion by the end of the year.
Wagered: $ 17,348,076,597
4 – Illinois
Illinois has seven live sportsbooks available, giving residents plenty of options to bet from anywhere. Illinoisans have racked up $7 billion in bets so far in 2022, up from $5 billion a year earlier.
Wagered: $ 16,597,597,363
5 – New York
It hasn’t taken long for New Yorkers to show their love of sports betting. With nine sportsbooks kicking off online betting in 2022, NY has seen its handle grow from $176 million in 2021 to a nation-leading $14 billion in 2022 – an increase of 8,000%!
Wagered: $ 15,019,150,749
6 – Indiana
Indiana saw a healthy increase from $3 billion in 2021 to $4 billion in 2022, with further growth expected into 2023 and beyond.
Wagered: $ 10,071,140,268
7 – Colorado
Betting in Colorado has only been live since 2020, but within two years has seen massive growth, with over $9 billion being wagered in total.
Wagered: $ 9,144,348,841
8 – Michigan
Michigan only launched sports betting in 2021, but has seen swift and exponential growth with seven online sports books and $7.9 billion in wagers over that span!
Wagered: $ 7,917,820,319
9 – Virginia
Virginia also launched sports betting in 2021 – and similar to Michigan has seen massive growth in short order, going from $2.3 billion in 2021, to $3.8 billion in 2022.
Wagered: $ 7,114,851,026
10 – Tennessee
Tennessee went live in 2020 and has 13 different apps available for betting! This has played a major role in Tennessee generating $2.9 billion in wagers in 2022 alone!
Wagered: $ 6,013,390,107
A spokesperson from Sportsbook Review commented: “Sports betting has seen a huge increase since some states have legalised it within the last four years, with wagers increasing by 70% from 2021 to 2022. In the first year after the Supreme Court ruling, legal US sportsbooks took in $9 billion, in 2022 so far over $74 billion has been wagered, that’s a 744% increase in four years.
“It’s clear that as sports betting becomes more accessible across America the money wagered could increase exponentially as well. This is good for governments as they can tax it and utilise Americans’ love of betting to build and improve the nation at local and national levels. It’s important however to be aware of the risks of gambling and never gamble if you can’t afford to lose the money.”
Compliance Updates
IGSA Welcomes Sharp Vision as Silver Member
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The International Gaming Standards Association (IGSA) has welcomed Sharp Vision as a new Silver member. Sharp Vision is a leading provider of regulatory turnkey solutions for gaming authorities.
“We are delighted to be a part of IGSA and we look forward to contributing to the advancement of best practices among regulators in the fast-growing gaming industry,” Damien Raymond, COO of Sharp Vision, said.
“IGSA is very excited to welcome Sharp Vision to our membership. We believe that IGSA Standards can enhance Sharp Vision’s products supporting regulatory authority oversight. We look forward to their participation in IGSA committees,” Mark Pace, President of IGSA, said.
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BigCash Goes Global with Launch in Brazil
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BigCash, India’s leading online skill-based real money gaming company, has set its sights on global expansion and aims to offer an unparalleled gaming experience to users worldwide. The global skill-based gaming market is estimated to grow annually at a CAGR of 13.50% and will be valued at USD 106.78 billion, by 2032. Building on its success in India, BigCash is poised to introduce its entertaining games to global audiences, uniquely blending local flavors with its hallmark innovative gameplay.
BigCash started its journey in 2017 and has quickly become players’ preferred choice, by strategically focusing on launching new games and features regularly and due to its superfast and user-friendly interface. Being a multi-gaming app, it offers a wide range of games tailored for all age groups. With popular Indian card games, like poker, rummy, and call break with regional variations; casual games like ludo, ice blaster, fruit chop, along with fantasy cricket, the platform resonates deeply with the players of Bharat.
Continuing on the mission to take Indian technology global and to reach a wider global gaming audience, BigCash, after months of an in-depth market study, had set its views on expanding its global presence with in-house developed and tailored gaming technology and experience. BigCash presently operates in Brazil, besides India.
One of the key reasons behind BigCash’s entry into the Latin American market is the region’s immense potential for growth in the gaming sector. Brazil, in particular, has emerged as a hotspot for gaming companies due to its large population, favorable demographics, and a growing middle class with disposable income.
BigCash’s global expansion plans include multiple launches in Latin America, Asia, and Africa over the next 12 months. BigCash plans to offer local and international flavors, customized specifically for each country, with a focus on Responsible Gaming and other trust measures, to ensure a deeper bonding with the players.
Ankur Singh, CEO of BigCash, said: “Going global has been part of our strategic planning always; with our launch in Brazil, we have just taken the first step. We are aspiring to be present in 8 countries in the next 12 months. The competitive landscape in Latin America’s gaming industry presents both opportunities and challenges. BigCash is a perfect fit for the Latin American gaming landscape due to our stronghold on tech, which allows product customizations, easy-to-play online games, a supersafe and fast experience; we are already gaining a lot of organic traction.”
Latest News
Michigan Lottery Transitions to 1-800-GAMBLER for Responsible Gaming Support
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The Michigan Lottery announced that it will transition to the National Problem Gambling Helpline, 1-800-GAMBLER for responsible gaming support. This aligns the agency with the Michigan Gaming Control Board and other online gaming platforms operating in Michigan in promoting 1-800-GAMBLER. The 1-800-GAMBLER helpline will replace the Michigan Problem Gambling Helpline currently in circulation (1-800-270-7117), although the previous number will remain in operation.
“The Lottery is committed to providing Michiganders with easy access to resources that support responsible gaming. By transitioning to 1-800-GAMBLER, we are able to ensure that Michigan residents can reach specially trained staff who can provide confidential professional support, local referrals, and resources to those who may have a gambling problem,” said Lottery Commissioner Suzanna Shkreli.
Operated by the National Council on Problem Gambling (NCPG), 1-800-GAMBLER is the world’s largest problem gambling helpline network by call volume, population served, and geographic area covered. The helpline connects people and families impacted by problem gambling with professional support, local referrals, and resources.
Calls made to 1-800-GAMBLER from Michigan will be routed to the Michigan Department of Health and Human Services. The helpline can also be reached by texting 800GAM or chatting online at 1800gamblerchat.org. Trained contact center staff are available 24/7, 365 days a year to provide support, guidance, and relevant information to anyone seeking help related to problem gambling. Additionally, players or their family members may connect to support resources such as live chat, text, and the helpline number by selecting the links in the footer of the Lottery’s website.
The Michigan Lottery was the first lottery in the US to achieve the Internet Responsible Gambling Compliance Assessment Program certification through NCPG in October 2015. The NCPG evaluated the Lottery’s compliance with Internet Responsible Gaming (IRG) standards developed based on best practices from jurisdictions around the world. IRG standards are the highest standards for online responsible gaming in the nation.
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