GITNUX MARKETDATA REPORT 2024

Us Sports Betting Industry Statistics

The US sports betting industry is projected to continue growing significantly, with estimates suggesting that annual revenue could reach over $8 billion by 2025.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the latest statistics surrounding the U.S. sports betting industry. From record-breaking revenue numbers to insights on user behavior and market shares, the data paints a fascinating picture of the growing popularity and economic impact of sports betting in the United States. Let’s dive into the numbers and trends shaping this dynamic industry.

Statistic 1

"In 2020, Nevada made $262.8 million in revenue from sports betting."

Statistic 2

"New Jersey set a national sport betting record in September 2020 making $749 million in one month."

Statistic 3

"55% of U.S. adults approved of legalizing betting on pro sporting events."

Statistic 4

"During a three-month period in 2020, 674,000 new users made a first-time deposit with a sportsbook."

Statistic 5

"In the first quarter of 2021, FanDuel lead the market with a 42.8% share of all U.S. online sports betting spend."

Statistic 6

"Sports betting revenue in the United States in 2021 is estimated to be around $2.5 billion."

Statistic 7

"More than 30% of American adults will place a bet on an NFL game."

Statistic 8

"Almost 90% of sports betting in the United States is done through a mobile device."

Statistic 9

"Americans wagered more than $4.3 billion on the Super Bowl in 2021."

Statistic 10

"There were 1.8 million people who placed legal sports bets in the U.S for the first time during Super Bowl 2021."

Statistic 11

"Michigan’s sportsbooks reported $150 million in online sports bets in the first 10 days after launching."

Statistic 12

"Over a 12-month period, more than two-thirds of New Jersey sports bettors lost money, and only 12% won more than they bet."

Statistic 13

"Nationwide, sports betting tax revenue was $118 million in 2020."

The U.S. sports betting industry has experienced significant growth and popularity in recent years, with states like Nevada and New Jersey leading the way in revenue generation and record-breaking betting numbers. The approval for legalizing sports betting among U.S. adults is high, leading to a surge in new users and deposits with sportsbooks. Mobile devices have become the primary platform for sports betting, with FanDuel dominating the market share. The industry is estimated to continue its growth, with substantial revenue projections and high participation levels, particularly during major sporting events like the NFL games and the Super Bowl. Despite the popularity, it is important to note that a majority of bettors end up losing money over time, highlighting the risks associated with sports betting. As the industry continues to evolve, regulations and responsible gambling initiatives will be crucial to ensure sustainability and consumer protection.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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