Currently, more than 100 million Americans can place a legal sports wager across 30 states. Every market except one-Delaware-hit an annual wagering record. The growth is mostly due to seven new markets between 20.
Last year, Americans wagered a record $57.22 billion on sports, up 165% from 2020, bringing in an all-time high in revenue of $4.29 billion. Revenue from sports bettors is also on the rise. The average age of casino goers last year fell from 49 to 44 years old since the start of the pandemic.
While traffic is still down at casinos compared to pre-pandemic rates, an increase in consumer spending in most markets is carrying the industry to new heights. Every market with physical casinos that feature slots, table games and in-person sports betting saw revenue increase from 2020 and 15 states beat 2019 gaming revenue.
