• Loading stock data...
Sunday, December 14, 2025
    More
    Sports Betting

    Sports Betting Helps U.S. Casinos Reach Record Revenue

    By
    Nov 11, 2021 | 04:59 pm
    UPDATED Feb 11, 2023 | 02:17 am
    las_vegas_sign
    Kirby Lee, USA TODAY/Design: Alex Brooks

    U.S. casinos overall had their best quarter ever in Q3, winning nearly $14 billion, per the American Gaming Association. Ten out of 25 states with commercial casinos also hit revenue records for the quarter.

    Sports betting and internet gambling revenue combined increased more than 200% year-over-year for the first nine months of 2021, reaching $5.36 billion.

    Nevada, New York, New Jersey, and Pennsylvania are the four highest-grossing commercial gambling states.

    • Nevada, which has had legal gambling for decades, recorded $54.2 million in sports betting revenue in September.
    • Pennsylvania recorded more than $48.1 million in sports betting revenue the same month.
    • New Jersey saw $82.4 million in sports betting revenue in October.

    New York recently approved two groups — which include DraftKings and FanDuel — for the state’s online sports betting license.

    This year’s winnings for the U.S. casino industry are on pace to break the annual record of $43.65 billion set in 2019.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read
    by

    Goodell: NFL Not Ready to Align With Prediction Markets
    The NHL has partnered with both Kalshi and Polymarket.
    exclusive
    by

    ESPN BET Show on Hiatus Amid DraftKings Transition
    ESPN switched its gambling affiliation on Dec. 1.
    Dec 1, 2025; Foxborough, Massachusetts, USA; New England Patriots running back TreVeyon Henderson (32) runs the ball against New York Giants safety Dane Belton (24) during the fourth quarter at Gillette Stadium.
    by

    Polymarket Returns to U.S. After Nearly Four Years
    The wait list is more than 200,000 people long.
    Feb 14, 2024; Kansas City, MO, USA; A general overall aerial view of Kauffman Stadium (foreground) and Arrowhead Stadium at the Truman Sports Complex.
    by

    Missouri’s Betting Debut Comes As Chiefs, Royals Eye New Homes
    The state had been one of the largest without legalized wagering.

    Featured Today
    by

    How Pickleball Became One Massive Private-Equity Rollup
    Pickleball roads lead back to billionaire Tom Dundon.
    Dec 9, 2025; Toronto, Ontario, CAN; New York Knicks guard Jalen Brunson (11) dribbles against Toronto Raptors guard Jamal Shead (23) during the first half at the 2025-26 NBA Emirates Cup at Scotiabank Arena
    December 13, 2025

    The Lucrative NBA Cup Is Here to Stay
    The in-season tournament, launched in 2023, is turning into a staple.
    The Los Angeles Chargers host executives from UCLA Health on Wednesday, August 7, 2024 at The Bolt in El Segundo, CA.
    December 7, 2025

    The Multibillion-Dollar Business of Pro Athlete Recovery
    What started as ice baths has evolved into a multibillion-dollar industry.
    Big League Wiffle Ball
    November 29, 2025

    Celebrity-Backed Wiffle Ball Has Big-League Aspirations
    Big League Wiffle Ball team owners include Kevin Costner and David Adelman.

    More in Sports Betting
    Buffalo Bills quarterback Josh Allen runs with the ball looking to throw to a receiver during second half action at Highmark Stadium in Orchard Park on Dec. 7, 2025
    by

    NFL, NCAA Rail Against Prediction Markets: ‘Catastrophic’
    Executives for the leagues offered fresh criticisms of the lack of regulation.
    Shayne Coplan. 60 Minutes/YouTube
    December 1, 2025

    Polymarket and Kalshi CEOs Say They’re Changing the World
    They also insist they don’t run gambling platforms.
    Aug 1, 2025; Chicago, IL, USA; Baseball commissioner Rob Manfred announces Major League Baseball and the Chicago Cubs will host the 2027 All Star game at Wrigley Field
    exclusive
    December 5, 2025

    MLB Sent Memo Warning Players About Prediction Markets
    The league told players its same betting rules apply to prediction markets.
    Sponsored

    20 Years of Coastal Cool: How Johnnie-O Became a Force in Golf,..
    A style movement powering one of the fastest-growing brands in sports and lifestyle.
    John Fisher
    opinion
    November 30, 2025

    Tanking Is Hurting Pro Sports More Than Gambling Ever Could
    Something much worse than gambling is killing sports.
    November 29, 2025

    Polymarket and Kalshi Are Shitposting Their Way to Legitimacy
    Polymarket and Kalshi’s social media posts are unhinged. Investors call it “authenticity.”
    NYSE. A U.S. flag is displayed as traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 19, 2025.
    November 27, 2025

    Robinhood Exec Says Prediction Markets Don’t Need Sports to Win
    Economic issues are the “core wood” that’s always burning, JB Mackenzie tells FOS.
    Oct 12, 2025; Kansas City, Missouri, USA; Kansas City Chiefs quarterback Patrick Mahomes (15) fumbles the ball against the Detroit Lions during the first half at GEHA Field at Arrowhead Stadium
    November 27, 2025

    Kalshi Hit With Nationwide Class Action Over ‘Illegal Sports Betting’
    The suit is filed on behalf of thousands of proposed class members.