Casino City's iGaming Pocket Directory - 2025 Edition

Sports betting offers a distinct form of online gambling where participants predict the outcomes of real-world sporting events and wager on results, setting it apart from traditional casino games. Wagering options span from single matches to season-long performances of players, teams, or leagues, including the burgeoning esports sector. In Europe, sports betting dominates the online gambling landscape. The European Gaming and Betting Association (EGBA) reported that it generated €17.2 billion in gross gaming revenue in 2023, accounting for 40% of the region’s total online gambling revenue. Across the Atlantic, the U.S. has emerged as a powerhouse in sports betting since the Supreme Court’s landmark 2018 decision to overturn the federal ban. As of December 2024, 38 states, along with the District of Columbia and Puerto Rico, had legalized sports betting in some form, with 30 offering online platforms. In 2023 alone, Americans collectively wagered a staggering $119.84 billion on sports — a remarkable 27.5% year-to-year increase. This impressive surge translated into $10.92 billion in revenue for the industry — a 44.5% year-to-year rise. Since 2018, operators in the U.S. amassed $42 billion in gross revenue from a staggering total handle of $500 billion. Leading the pack, New York recorded a handle of $62.3 billion, followed closely by New Jersey with $58.7 billion. The convenience of mobile sports betting has been a game-changer, driven by advancements in geofencing and regulation protocols that ensure secure, user-friendly platforms. By 2029, the number of U.S. mobile sports bettors is estimated to reach 54.7 million, with user penetration increasing from 11.0% in 2024 to 15.6% in 2029, according to Traffic Guard, with each user expected to contribute an average revenue of $256.60. Sports Betting Industry Overview 56 Sponsored by Casino City’s iGaming Pocket Directory SPORTS BETTING

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