US Sports Betting Industry Hits Record $10.9 Billion Revenue in 2023

A 45% increase from the previous year, fueled by new markets and continued growth.

The US sports betting industry achieved a record $10.9 billion in revenue in 2023, marking a 45% increase from the previous year.
A total of $120 billion was wagered on sports, with significant contributions from new markets in Massachusetts and Ohio.
New York led the states in sports betting revenue with $1.7 billion, despite the absence of online gambling options.
The overall US gambling industry, including casinos and online gaming, grossed nearly $67 billion, a 10% increase over 2022.
Sports betting is now legal and operational in 37 states and the District of Columbia, with five new states launching markets in 2023.