Report: 32 US States Could Offer Sports Betting in 5 Years
Legal sports betting could be offered in 32 states within five years if the U.S. Supreme Court rules in favor of New Jersey's quest to offer such gambling, according to a new report.
October 02, 2017 at 11:00 PM
3 minute read
Legal sports betting could be offered in 32 states within five years if the U.S. Supreme Court rules in favor of New Jersey's quest to offer such gambling, according to a new report.
Eilers & Krejcik Gaming LLC, which tracks state-by-state gambling legislation, says a new market would be worth more than $6 billion. If all 50 states got on board, legal sports betting could be worth $7.1 to $15.8 billion, they estimate.
Americans are already betting up to $60 billion annually using offshore sites and bookies, said Chris Grove, managing director for the firm. It's an industry that generates some $3 billion in revenue each year from U.S. customers.
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