Sports Betting is Getting More Popular in the US

Sports Betting Experiencing Huge Boom Sports Betting

Sports Betting Experiencing Huge Boom in United States

By Blake Roberts Founder & Editor in Chief Updated: 31 January 2022

Blake Roberts Founder & Editor in Chief

Blake Roberts is the founder of Betting.US and is currently heading the creative team as Editor in Chief. Born and raised in Morgantown, West Virginia, Blake is a great sports fan, with football and basketball being his favorite. He’s our trusted voice for all betting-related matters.

See Full Bio

According to a recent report from Bloomberg, sports betting across the United States is experiencing a huge boom.

Since the overturning of PASPA back in 2018, sports betting has no longer been confined to Nevada, and many states have since legalized sports wagering in one form or another. This has resulted in what the report described as a sports gambling gold rush in the country.

With more and more states legalizing sports betting in recent years, more people are now able to place bets on their favorite teams and sports. This has brought in huge amounts of money not only for sports betting operators but also for communities and cities across the states where sports betting has been legalized.

Off the Charts

The report, which was released last month, described sports betting across the United States as being off the charts. Even while the global pandemic kept sports fans away from retail establishments in casinos for several months, many turned to online sports betting to continue placing their bets.

Part of the Bloomberg report read:

Betting lines now roll across television screens during sports broadcasts and professional teams and leagues have established direct partnerships with gambling companies. Media and entertainment companies including such family-friendly giants as the Walt Disney Company have pursued similar partnerships or opened the door to them.

The report also went on to state that sports betting facilities used to be considered a valuable add-on for casinos to bring in more customers and provide more entertainment. However, the surge in popularity means that sports betting across the country has now come into its own and enjoys huge success in its own right.

A key part of the reason behind the sports betting boom is said to be online facilities, with many turning to various sports betting apps and platforms in order to place their bets.

This has become increasingly popular since 2020 with the outbreak of the global pandemic. It meant that sports fans were often able to continue placing bets and enjoying the thrill of sports betting even when casinos and retail facilities were closed.

A Bright Future

According to the experts, sports betting is not only enjoying a gold rush boom, but it will also enjoy a very bright future. More and more states are in the process of legalizing sports betting in person, online, or both. This will see figures surge further, with figures already showing the huge increase in sports betting.

Data from the report showed that in June 2018, gamblers wagered $310 million. However, just a few years later in October 2021, this figure had increased to $7 billion. This comes despite the global pandemic that has affected all industries since the early part of 2020.

As more states legalize sports betting, the figures for monthly wagering are expected to increase sharply. For most gamblers, online sports betting has become a firm favorite, and this makes up the majority of wagering each month in states that offer both mobile and in-person betting.