Sports betting is certainly hitting its stride in the United States, as we saw a massive increase in handle and tax revenue from 2023 to 2024. More than three quarters of the U.S. allows sports betting in some capacity. With online betting available in most states where sports betting is legal, there are plenty of opportunities for bettors to place wagers. That was certainly the case last year, which in many ways blew 2023 out of the water.
The handle, or total amount wagered, increased dramatically from 2023 to 2024. In 2023, $121.1 billion was wagered legally in the US. That number jumped up $28.5 billion, or 23.5%, to $149.6 billion in 2024.
