Governments and gaming companies in a short time have doubled the amount of U.S. gambling.
From total gaming revenue of $53 billion in 2021 (then a record), the corporate-government partnerships jacked up their revenue from gambling to $99 billion last year, according to the American Gaming Association.
This doubling of money won from gamblers has come by expanding the market to people betting on sports and betting online. Of the 46 states involved in gambling, more than 30 now offer sports betting and six offer gambling online.
New Jersey, the pioneer in sports and online betting, and its gaming partners won $5.8 billion from gamblers last year, an 11% increase from the year before and also a new record.
