US Sports Betting sees revenue surge to $8.9 billion
At least $9 billion has been bet legally on sports in the U.S. in the year since New Jersey’s Supreme Court victory cleared the way for other states to do it.
Together with Nevada, Delaware, Mississippi, West Virginia, Rhode Island and Pennsylvania, the total so far is $8.9 billion, not counting figures from those states for last month. New Mexico allows sports bets under a tribal compact, but does not publicly report its betting statistics.
The total number is probably closer to $10 billion but most states have not yet reported their May numbers.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement show gamblers bet $319 million on sports in May.
New Jersey took its first sports bets last June. Since then, the state’s casinos and racetracks have taken in $2.94 billion.