According to Legal Sports Report
, sportsbooks in the US have an accumulated handle exceeding $125 billion since sports betting regulations were relaxed in the middle part of 2018. Currently, betting on sports is only legal in 30 states and Washington DC but those states have come online in a staggered manner since 2018. New Jersey, one of the first states to adopt new laws in 2018 and the largest sports betting state outside of Nevada, saw a handle of over $26b and revenue of $1.7b over the 4 year stretch. Most interestingly, 80% of all handle in NJ was via a mobile sportsbook app. Their neighbor New York, who legalized mobile sports betting in January 2022, has seen it’s monthly handle explode, recording no less than $1.5b for the first 4 months of the year. With legislative initiatives under way in several other large states such as California, Florida, and Ohio and other states still seeking to approve mobile wagering apps, such as North Carolina, Washington, and Wisconsin, there remains a long runway for the American sports betting industry.