Friday September 22, 2023
The Best Employers in Sports Survey is Now Open!

Sports Betting Revenue Hit Record-Setting $4.3B in 2021

  • Sports betting revenue hit an all-time high in the U.S. in 2021.
  • That record may not last long as 2022 is off to a roaring start.
sports-betting
Sarah Kloepping-USA TODAY NETWORK
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

As he steps down as chair of Fox and News Corp., we discuss his monumental and ongoing impact.
Listen Now
September 22, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

Sports betting brought in $4.3 billion in 2021 revenue, notching its best year by a wide margin.

The figure was a 179.7% increase from 2020 for the fledgling industry, which saw seven states open up sports betting markets last year, according to the American Gaming Association’s State of the States report. Tribal casino revenue wasn’t included in the tabulation.

  • New Jersey led the way with $816 million in revenue.
  • Pennsylvania, Illinois, and Nevada followed, with the top four states accounting for around half the country’s sports betting revenue.
  • Overall gaming revenue, which includes casino and iGaming proceeds, hit a record $52 billion – up 21.5% from the previous high in 2019.

Bet on Another Record Year

New York opened to mobile sports betting in January, bringing another huge market into the industry. The Empire State took in $320.9 million on $4.87 billion in wagers in the first quarter.

Sports betting revenue across the country rose 64.6% year-over-year in Q1, hitting $1.58 billion. Total gaming revenue grew 28.6% from the previous year to $14.31 billion.

The country’s three most populous states still do not allow sports betting, but California will have at least one measure on its ballot this November to legalize the practice. Florida may follow suit after a court blocked an attempt at legalization through a pact with the Seminole Tribe of Florida.

Texas is unlikely to consider new sports betting legislation until next year.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Dallas Cowboys quarterback Dak Prescott is tripped up by New York Jets defensive end Solomon Thomas in the second quarter at AT&T Stadium.

NFL Viewership Sees 2% Increase in First Two Weeks of 2023 Season

The NFL is experiencing its highest viewership since 2018.
T-Squared Social joins PopStroke as golf entertainment venues backed by Tiger Woods.

Tiger Woods, Justin Timberlake Tee Off Sports Bar in NYC

T-Squared's Manhattan location includes a bowling alley and Full Swing simulators.
Sponsored

How Daktronics Helps Elite Athletic Programs Secure Top Talent

How colleges are utilizing Daktronics' displays to elevate recruiting.

WBD Pursues ‘Different’ Strategy For Sports on Max

Company to place all of its live sports on new streaming tier
podcast thumbnail mobile
Front Office Sports Today

How Rupert Murdoch Changed Sports Media Forever

0:00
0:00

Featured Today

Teams without secured venue situations could be left out of a potential XFL-USFL merger.

XFL-USFL Merger Could Drop Teams, Change League Name

Teams without secured venues could be cut from a XFL-USFL merger.
September 21, 2023

Rupert Murdoch's Exit Leaves Lasting Fox Sports Legacy

Rupert Murdoch steps down as chairman of Fox Corp. and News Corp.
Could ESPN lose events such as the NBA Finals if it sold ABC.
September 21, 2023

Selling ABC Poses Billion-Dollar Dilemma for Disney and ESPN's Future

Losing ABC would create complications as ESPN enters NBA rights negotiations.
Boise State Broncos running back Ashton Jeanty (2) runs the ball against the North Dakota Fighting Hawks during the first half at Albertsons Stadium.
exclusive
September 20, 2023

The First Official Proposal for Promotion-Relegation In College Football

Realignment is forcing Group of 5 schools to rethink their structure.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
Minnesota Vikings wide receiver Justin Jefferson fumbles the ball out of bounds in the end zone while being tackled by Philadelphia Eagles safety Terrell Edmunds during the second quarter at Lincoln Financial Field.

NFL Survivor Pools Remain Relevant in the Legal Sports Betting Era

Survivor’s appeal comes from its uncomplicated premise.
Colorado Buffaloes running back Dylan Edwards reaches for the ball past Nebraska Cornhuskers cornerback Deshon Singleton in the third quarter at Folsom Field.
September 14, 2023

Sportsbooks Are Content With Bettors ‘Embracing’ Colorado Hype

Heading into Week 3 and longer-term, the books aren’t sweating it.
DraftKings
September 7, 2023

NFL Season Start Heightens Sportsbook Battle For Customers

Sportsbooks get aggressive with promotions to attract new bettors
Iowa State quarterback Hunter Dekkers throws the ball during the Cy-Hawk Series football game against Iowa.
September 7, 2023

Five Plead Guilty in State Betting Probe Ahead of Iowa-Iowa State Game

The current and former players pleaded guilty to lesser charges.
An overall view as Kansas City Chiefs quarterback Patrick Mahomes throws a pass against the Las Vegas Raiders in the first half at Allegiant Stadium.
September 6, 2023

Record 73.5 Million Americans Projected to Bet On 2023 NFL Season

About 28% of American adults plan to bet on the NFL.
The UAE could become the first Gulf state to legalize casinos.
September 6, 2023

UAE Forms Gaming Authority as Sports Flock to the Middle East

Former MGM Resorts CEO Jim Murren will head the new gaming authority.
The PPA Tour has become the first pro pickleball organization to offer legalized betting
August 24, 2023

You Can Now Bet on Pickleball

FanDuel is the first U.S. sportsbook to offer pickleball betting.
August 17, 2023

Fanatics Sportsbook Rolls Out Unique Strategy In Four States

Company will face uphill climb to challenge established market duopoly