And these numbers reflect activity in some 20 states. See Seeking Alpha Quant Ratings across the casino sector. Since the Supreme Court’s decision, 57 billion in legal sports bets have been made, 4.1 billion in revenues have been generated, and 571 million has been collected in tax or jurisdiction revenues. Sector watch: DraftKings ( DKNG) expects its first positive adjusted EBITDA year in FY24, while Caesars Entertainment ( CZR) thinks it will see a positive profit in its digital gaming business by the end of FY23. By 2025, the average amount wagered in a year by a bettor is forecast to exceed $6K. As sports betting exploded into people’s living rooms, Vegas remained at the center of that digital industry being home to the casino operators that backed those sportsbooks and online. The average bettor is seen increasing the size of their annual betting action by 26.9% to an average of $4.4K this year. According to data presented by, the online gambling industry has more than doubled in the past four years, reaching 176 million users and. Double-digit revenue is expected to continue over the next two years as revenue approaches $20B. sports handle betting handle to exceed $200B in two years after standing at only $4.62B just five years ago.Īs for the what the house keeps, total sports betting revenue is anticipated to climb 46.0% this year to surpass $10B for the first time. The forecast from research firm Insider Intelligence includes legal bets at retail sportsbooks, online sportsbook, and lottery parlay cards.

sports betting industry is forecast to see a 45% jump in betting handle this year to $136.6B with new states in the mix.

Sports betting industry revenue