How much money is bet on sports every year

All told, 19% of adults have bet money on sports in at least one of these ways in the past year. How we did this. New York, meanwhile, has become how much money is bet on sports every year country's largest sports betting market. In the Empire State, bettors wagered a total of $ billion. According to the AGA, million American adults plan to place a traditional sports wager online, at a retail sportsbook or with a bookie, up. The amount of money that professional sports bettors can make per year on average varies depending on a number of factors, including their skill.

The Stunning Amount Bet on Sports Every Year

When it comes to the world of sports, there is no doubt that betting plays a significant role both in the excitement of the games and in the financial stakes involved. The sheer scale of the money wagered on sports annually is nothing short of remarkable, with figures that can boggle the mind.

One might wonder just how much money is wagered on sporting events every year. The answer is staggering: hundreds of billions of dollars are bet globally on various sports each year. This eye-watering amount illustrates the immense popularity and influence of sports betting in today's world.

This massive sum is spread across a wide range of sports, including but not limited to football, basketball, tennis, and horse racing. Each sport attracts its own share of betting activity, with fans and enthusiasts placing bets on their favorite teams, players, and outcomes.

At the heart of this staggering figure are not only traditional bookmakers but also online betting platforms that have revolutionized the industry in recent years. The convenience and accessibility of online betting have played a significant role in driving up the overall amount wagered on sports annually.

While these numbers may seem astronomical, they underscore the deep-rooted connection between sports and betting. Whether it's a small wager between friends or a high-stakes bet placed at a renowned casino, the thrill of sports betting continues to captivate fans around the globe.

How Much Do Americans Bet on Sports? Read a Comprehensive Report

What percentage of gamblers are up money? Only 13.5% of gamblers end up winning. On any given day. On average. Gamblers win money about 30% of the days that they play.

Sports betting worldwide - statistics & facts

With the NFL season as the top betting sport at Bovada, there is an unknown amount of wagers that Bovada receives. Estimated in the multi-billions on the NFL season alone, the betting handle at Bovada is this high because of the man years of reliable online sports betting experience they possess.

Betting on the NFL at Bovada is easy, as they offer thousands of lines every day. Sign up to increase their betting handle, and be another person to see why its the best to bet on football at Bovada. Visit Bovada Sportsbook. Read Bovada Review. When it comes to the US total bet on sports by state, New York is the leader of in handle and revenue.

It took NY little time to dominate the US legal sports betting market, launching in January and immediately surpassing New Jersey, which held the top spot since Nevada, which was the only game in town for over 20 years, saw New Jersey surpass it early on as well. This is more than the total combined bets of all active states during the first full year of regulated betting in the US.

Nevada is the gambling capital of the United States. In , Nevada has also been topped by the legal New York sports betting market, thanks to their launch of mobile betting. Many states recorded high handles in January and March Sports betting is a popular hobby throughout the country.

But, states move forward with legalization, it is clearer how much money is spent on sports betting by Americans. A conservative estimate if including offshore and local bookie betting. Expect this to jump when California, Texas, or Florida legalize their industry. The winning margin for US sports betting varies between the states. The average hold percentage for legal sports betting about 7.

But, this is largely balanced by Nevada and New Jersey. The top sportsbook in the US is FanDuel. FanDuel is live in the most markets across the country and rakes in billions in betting handle on a monthly basis across sports betting. How much money is bet on sports every year In , a list of market share by sportsbook was released. The Super Bowl and NFL season alone outperform every other sport for sports betting operations each year, with college football betting seeing massive action in the US.

Those betting on the NFL are typically active week to week, meaning steady action for the operators. The American Gaming Association predicted more than The addition of state-regulated sportsbooks in Kansas, Massachusetts, and Ohio is likely one reason for that increase. The more influential factor for the rise of bets on the Big Game is likely the overall increased interest in sports betting and the easily accessible Super Bowl sports betting sites for all Americans.

The amount wagered on individual NBA games varies depending on how popular the teams involved are and how important the game is. Sportsbooks around the world that cater to U. Betting on the MLB is a big business that accounts for hundreds of millions of dollars in sports betting revenue and millions in sports betting taxes.

The majority of this money is still wagered with international sports betting sites that allow US players, although with more states legalizing sports betting every year, a greater percentage is going toward state-licensed operators. Betting on the NHL took off when Las Vegas Golden Knights were introduced to the league in and has continued to grow as states have started to legalize sports betting in greater numbers.

While sports betting was and continues to be available in every state via offshore betting sites, increased regulation has brought increased attention to the sector. Hockey was estimated to have the sixth highest share in the sports betting market globally, behind football, basketball, baseball, horse racing and cricket. Each year it changes, but the total betting handle has increased over time, looking at the amount bet on the Kentucky Derby as the entire event.

User penetration will be 3. With a projected rate of Definition: The online sports betting market refers to the segment of the online gambling industry that involves placing bets on various sports events over the internet. This includes a wide range of sports, such as football, basketball, baseball, horse racing, tennis, and many others.

Online sports betting allows customers to place bets on the outcome of sporting events in real-time, either before or during the event. These bets can be placed through various online platforms, including websites and mobile apps, which are often operated by licensed online sportsbook operators. Additional Information Data includes revenue figures in Gross Gambling Revenue GGR , which is the total amount of bets placed by customers minus the amount paid out in winnings, Users, average revenue per user ARPU , user penetration rate, and a breakdown of revenue shares of the total betting market.

User and revenue figures represent B2C services. Online Gambling. Please wait. Region comparison. Analyst Opinion The Online Sports Betting market is experiencing significant growth worldwide, driven by changing customer preferences, emerging trends, and local special circumstances.

Data coverage: The data encompasses B2C enterprises. The user metrics show the number of customers who have made at least one online purchase within the past 12 months. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research e.

In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually. Forecasts: In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market.

For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services. Additional notes: The market is updated twice a year in case market dynamics change.

GCS data is reweighted for representativeness. Contact Get in touch with us. We are happy to help. Clicking on the following button will update the content below. Meredith Alda. Sales Manager — Contact United States. Yolanda Mega. Operations Manager — Contact Asia.