Sports betting operators were always looking at 2023 as a landmark year in the business, and now there’s fresh data showing exactly how much that is the case.
A recent report from the American Gaming Association found that Americans bet $23 billion on sports during the third quarter, 32.7% higher than a year ago, and well on pace to hit an unprecedented $100 billion in total handle for the year.
The total January-September sports betting handle stands at $78.7 billion, up 22.9% from the comparable period in 2022. But the accelerating growth is due in significant part to states such as Massachusetts and Ohio that have either introduced or expanded legal sports wagering this year.
