Sports betting presents a unique online gaming experience, wherein participants predict outcomes of games and place bets on results rather than engaging in games against a dealer or fellow bettors� In contrast to traditional casino games like blackjack, bingo, roulette and poker, sports betting is intricately linked to real-world occurrences� Punters can find bets on all sorts of events, including esports, with individual wagers ranging from single games to a full season’s performance by either players, teams, or entire leagues� The European Gaming and Betting Association (EGBA) reported that sports betting generated €13�6 billion in gross gaming revenue in 2022, accounting for 35% of Europe’s total online gambling revenue� Meanwhile, the U.S., which has long been a sports betting “sleeping giant,” has seen its regulated sports betting market explode since the Supreme Court ruled that the federal ban on sports betting was unconstitutional in May 2018. Operators, both domestically and internationally, immediately began competing for a piece of the American pie as if it were a gold rush� By the end of 2023, 37 states in the U�S�, plus the District of Columbia and Puerto Rico, offered some form of legalized sports wagering, with 27 states offering online sports betting� Vermont, set to launch mobile sports betting in January 2024, leaves just 12 states with no legislation (Alabama, Alaska, California, Idaho, Utah) or dead legislation (Georgia, hawaii, Oklahoma, Minnesota, Missouri, Texas, South Carolina)� Since that fateful Supreme Court decision in 2018, operators combined to generate $24 billion of gross revenue by the end of 2023 with close to $300 billion in total handle, led by New Jersey, which generated a handle of $44�4 billion, outdistancing the previous king of sports betting, Nevada ($35�9 billion)� sports Betting industry overview 56 Sponsored by Casino City’s iGaming Pocket Directory sports Betting
RkJQdWJsaXNoZXIy NDIzMTA=