Sports Betting Explodes in Popularity and Revenue Since Legalization

Americans have wagered over $220 billion on sports in the 5 years since the Supreme Court allowed all states to legalize sports betting.
Two-thirds of states now offer legal sports betting, with more expected to join in the coming months and years.
Legal sports betting has generated new tax revenue for states and extra income for casinos and racetracks.
FanDuel and DraftKings dominate the U.S. sports betting market, controlling over 70% of the total market.
The sports betting industry is innovating new ways to gamble like micro-betting, which allows people to make quick-fire bets in rapid succession.