• Loading stock data...
Thursday, January 8, 2026
    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

    Jan 5, 2026; New York, New York, USA; New York Rangers center Vincent Trocheck (16) celebrates his goal against Utah Mammoth goaltender Karel Vejmelka (70) with left wings Artemi Panarin (10) and Alexis Lafreniere (13) and center Mika Zibanejad (93) and defenseman Adam Fox (23) during the second period at Madison Square Garden.
    by

    NHL Deepens Ties to Polymarket, Kalshi As Other Leagues Stay Away
    Its new Rangers deal comes after Kalshi broke the ice with the Blackhawks.
    by

    Main Street Sports Crisis Pushes RSN Rights Closer to League Control
    The regional sports broadcaster misses another set of scheduled rights payments.
    People celebrate near Mar-a-Lago in Palm Beach, Florida, while President Trump has a press conference about US forces capturing Venezuela's leader Nicolas Maduro after bombing the capital Caracas on January 3, 2026.
    by

    Venezuela Trades, Not Sports, Drive New Prediction-Market Legislation
    A bill targeting insider trading on the platforms will be proposed this week.
    Imagn Images/Front Office Sports
    by

    FOS Crystal Ball: Predictions for the Business of Sports in 2026
    Here’s what FOS journalists think could be on the horizon.

    Featured Today
    by

    Hockey in Florida Was Once a Risk. Now It’s Thriving
    The state of Florida has become a traditional—and highly lucrative—market.
    Dec 30, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) reacts after scoring a basket against the Detroit Pistons during the second half at Crypto.com Arena
    January 4, 2026

    Why Pro Sports Team Valuations Will Keep Climbing in 2026
    Asset scarcity and increasing media-rights deals underpin soaring valuations.
    Heated Rivalry (L to R) - Connor Storrie as Ilya Rozanov and Hudson Williams as Shane Hollander in Episode 104 of Heated Rivalry. Cr. Sabrina Lantos © 2025
    December 24, 2025

    Hockey Needed Some Virality. Then Came ‘Heated Rivalry’
    No one was prepared for the Canadian show’s smash success.
    Rob Manfred
    exclusive
    December 23, 2025

    MLB Teams Fear League Will Pick Winners and Losers in Tech
    One company under consideration was founded by a top MLB exec’s uncle.

    More in Sports Betting
    Prediction markets
    by

    Prediction Markets Exploded in 2025. What Comes Next?
    After 2025’s prediction-markets mania, the dust may start to settle in 2026.
    December 30, 2025

    Sportsbooks Sue to Stop Chicago’s New Licensing Requirement
    DraftKings, FanDuel, and others are crying foul over last-minute budget additions.
    December 30, 2025

    ESPN Employee Didn’t Violate Rules in $1 Million DraftKings Win
    ESPN researcher Mackenzie Kraemer didn’t break company rules, a source told FOS.
    Sponsored

    ESPN Edge Innovation Conference 2025: Inside the Technology Shaping the Future of..
    At ESPN Edge Innovation Conference 2025, ESPN showcased how AI, immersive tech, and a rebuilt direct-to-consumer platform are redefining the future of sports media.
    December 30, 2025

    Why Polymarket Has Avoided Legal Pushback So Far
    Regulators have taken a wait-and-see approach since Polymarket’s U.S. relaunch.
    Emmanuel Clase
    December 26, 2025

    2025 Was the Year of Sports Gambling Scandals
    Gambling scandals across pro and college sports went mainstream in 2025.
    Dec 20, 2025; Ottawa, Ontario, CAN; Chicago Blackhawks left wing Andre Burakovsky (28) celebrates with center Ryan Greene (20) his goal scored in the second period against the Ottawa Senators at the Canadian Tire Centre.
    exclusive
    December 23, 2025

    Blackhawks Are First Pro Team to Make Direct Deal With Kalshi
    The deal builds on Kalshi’s existing partnership with the NHL.
    A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
    December 22, 2025

    FanDuel Joins Prediction-Market Fray As New App Goes Live
    FanDuel Predicts is live in five states.