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Sunday, June 16, 2024

Mobile Sports Betting Expected to Eclipse $80B in 2022

  • There was $73.3 billion wagered in the U.S. between January and October.
  • New York had $13 billion wagered in 2022.
Danielle Parhizkaran – USA TODAY NETWORK

U.S. mobile sports betting has reached $80 billion in wagers for 2022 so far, with the record number set to increase as more states give their final figures.

According to a report from Variety Intelligence Platform, there was $73.3 billion wagered using online sportsbooks between January and October — a 98% increase from the same period last year, a 569% increase from 2020, and a 2,268% increase from 2019.

  • November saw $6.3 billion wagered, though the number is incomplete as not all states had their totals at the time of the report. 
  • November’s total is already larger than June, July, and August. 

Five states — including New York — launched online sports betting in 2022. New York had the highest amount wagered in 2022 at $13 billion, surpassing New Jersey’s $8.1 billion. 

At the time of the report, placing an online bet at a sporting event was legal in 25 states and the District of Columbia. More states, including Massachusetts and Ohio, are expected to legalize mobile gaming next year, helping boost the total amount wagered for next year.

Viewership Trends

The report found “a clear link” between bets and engagement, with sports wagering peaking during the NFL season — 67% of those 18 years or older betting on an NFL game were more likely to report increased viewership.

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