Record Betting Quarter

    • A record third quarter in sports betting helped generate $352.3 million in revenue nationwide.
    • This article was first published in the FOS Daily Newsletter. Subscribe here.

Daily Newsletter

Sign up and see why influential business executives call it a “morning must-read.”

U.S. sports bettors wagered a record $5.95 billion in the third quarter, according to the American Gaming Association. A crowded sports calendar, pent-up demand and new markets — like Illinois and Michigan — helped generate $352.3 million in revenue, up 47.1% year-over-year. 

New Jersey remained the main driver, setting several all-time U.S. monthly records in the quarter. Overall betting revenue, including slots and table games, was $9.04 billion, down 18.9% year-over-year. 

Year-to-Date 2020 Betting Revenue:

Overall: $20.74 billion, down 36.5% year-over-year

Slots: $13.24 billion, down 38.3%

Table Games: $3.63 billion, down 42.6%

Online Casinos: $1.07 billion, up 205.7%

Sports Betting: $667.8 million, up 27%