![]() The sports betting market in the US grew at a CAGR of 96% during the period 2017-2021. As a result of this, the US surpassed Italy and Germany to become the third biggest market for sports betting. Later, when the restrictions were eased, the US saw even greater growth of a whopping 180% accounting for an increase in market size of $2.4 billion. The market size of the sports betting sector in the US reached a value of $3.7 billion in 2021, accounting for 4% of the global market size.Įarlier in the year 2020, globally, when the COVID-19 outbreak impacted the sector greatly, sports betting in the US had no effect with a huge growth of 46%. The US is the third biggest market for sports betting. The frequency of sports wagering varies by culture, with most wagers being put on amateur and professional levels of association football, American football, basketball, baseball, hockey, track cycling, car racing, mixed martial arts, and boxing. Predicting sports results and making a bet on the outcome is known as Sports betting. The Casino and gaming industry is made up of Casinos, Lotteries, Sports betting & related, and other activities, out of which Sports betting and related accounts for 24% of the market size with $101 billion. Sports Betting industry in the US: Industry Overview
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |