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      • Bets are typically made through bookmakers, also known as sportsbooks. These operate both as land-based establishments, for example, at casinos or betting shops, and online. The total amount of money wagered by bettors is known as a handle, while the amount of money earned by a sportsbook after paying out the winners is revenue.
      www.statista.com › topics › 1740

      Sports Betting and Gambling Market/Industry - Statista

  2. www.census.gov › 2024 › 02Legal Sports Betting a Growing Source of Tax Revenue for Many ...

    Feb 13, 2024 · The U.S. Census Bureau’s Quarterly Survey of State and Local Tax Revenue (QTAX) recently added sports betting (including pari-mutuels) to the extensive list of state and local tax revenue sources it already tracks.

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  4. www.legalsportsreport.com › sports-betting › revenueUS Sports Betting Revenue & Handle

    Sep 4, 2024 · Since the legal sports betting expansion in 2018, the amount of sports betting revenue has increased dramatically. Find the history of revenues by state.

    Month
    Handle
    Revenue
    Hold
    July 2024
    $6,590,949,826
    $745,095,052
    11.3%
    June 2024
    $9,102,967,947
    $858,881,106
    9.4%
    May 2024
    $11,051,283,117
    $1,159,364,029
    10.5%
    April 2024
    $12,075,789,487
    $1,181,875,975
    9.8%

    See full list on legalsportsreport.com

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  6. journalistsresource.org › economics › sports-bettingSports betting in the US: A research roundup and explainer

    • The Landscape of Legal Sports Betting
    • Research Roundup
    • A Brief History of U.S. Sports Betting

    If California legalizes sports betting, it would represent a major coup for gaming interests in the state. In California, the most populous state, horse racingis the only legal form of sports betting. Sports wagering is legal in 28 states plus the District of Columbia, according to a recentWashington Post analysis. Seven states prohibit online spor...

    See full list on journalistsresource.org

    The Income Elasticity of Gross Sports Betting Revenues in Nevada: Short-Run and Long-Run Estimates Ege Can and Mark Nichols. Journal of Sports Economics, October 2021. The study: The authors analyze quarterly sports betting data from Nevada covering 1990 to 2019, to explore whether sports betting might be a viable tax revenue stream for other state...

    See full list on journalistsresource.org

    Americans have a long tradition of gambling. College of the Holy Cross economist Victor Matheson recounts in a January 2021 articlein the Eastern Economics Journal: “Lotteries funded activities such as the original European settlement at Jamestown, the operations of prestigious universities such as Harvard and Princeton, and construction of histori...

    See full list on journalistsresource.org

  7. www.statista.com › topics › 8581Sports betting in the U.S. - statistics & facts | Statista

    Dec 18, 2023 · How much revenue do states receive from sports betting? In conjunction with Nevada, many other states such as New Jersey, Pennsylvania, and Indiana have legalized sports betting.

  8. www.usatoday.com › story › moneySports betting is legal in 38 states now, but these residents ...

    Jun 29, 2024 · It's the fastest-growing source of state tax revenue, The Washington Post reported. The tax revenue that sports betting generates helps fund state resources, including roads and highway...

    • Sara Chernikoff
    • Data And Graphics Reporter, Trending News

  9. www.nytimes.com › the-rise-of-sports-bettingThe Rise of Sports Betting - The New York Times

    Apr 5, 2024 · A chart shows annual commercial sports betting revenue in the U.S. from 2018 to 2023. In 2023, revenue was over $11 billion.

  10. www.gamingtoday.com › revenueUS Sports Betting Revenue & Handle Tracker by State

    Aug 9, 2024 · Gaming Today's US sports betting revenue tracker reveals monthly revenue, handle, projections, and taxes for each legal sports betting state.

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