Sports betting has been a popular pastime in the United States for decades, but it wasn’t until recently that it was officially legalized in many states. Since then, the amount of money wagered on sports betting has skyrocketed, with an estimated $220 billion wagered in the five years since legalization.
The legalization of sports betting has been a boon to the US economy. It has created jobs and generated tax revenue for states, as well as providing a new source of entertainment for millions of people. It has also opened up a new avenue for sports fans to engage with their favorite teams and athletes.
Sports betting is now legal in more than 20 states, with more expected to join the list in the near future. This is due to a 2018 Supreme Court ruling that overturned a federal ban on sports betting. This ruling allowed states to decide whether or not they wanted to legalize sports betting within their borders.
The amount of money wagered on sports betting has grown exponentially since its legalization. In the first year alone, $13 billion was wagered on sports betting in the US. This number has grown steadily each year since then, and is now estimated to be around $220 billion.
The growth of sports betting in the US has been driven by the increasing popularity of online betting platforms. These platforms allow users to place bets from the comfort of their own homes, and offer a wide range of betting options and odds. This has made it easier than ever for people to place bets on their favorite teams and athletes.
Sports betting is now a major industry in the US, and is expected to continue to grow in the coming years. It has already had a huge impact on the US economy, and this impact is only expected to increase as more states legalize sports betting. With an estimated $220 billion wagered in the five years since legalization, it’s clear that sports betting is here to stay.
