New York has become the US epicenter for sports betting.

In Nevada, the gambling hub of the US, casinos had already generated 10.2% more revenue by the end of November 2022 than over the whole of 2021.Įven a small portion of Nevada’s $13.5 billion figure could make a huge difference to a fully legal gambling landscape in many states that currently lack regulation. Of the 33 states that permit commercial gambling, 30 showed gambling revenue growth in 2022 compared to the same period in 2021. The revenue also doesn’t include any illegal gambling monies, which is all currently lost offshore.

The previous year saw $53.04 billion in revenue, meaning a 13.87% increase between the periods.Ĭonsidering these figures don’t include any revenue from the 523 tribal casinos countrywide, any future legal casinos could substantially increase these figures. So how would legalizing these commercial forms of gambling help the states that don’t allow these activities? Gambling Revenue in the USĪccording to American Gaming Association figures, US gambling generated a record $60.4 billion in revenue in 2022. Commercial gambling includes traditional and riverboat casinos, racetrack parimutuel betting, and online casinos or sports betting. Most of those allow lotteries and parimutuel betting, but only 33 states permit commercial gambling of any type. Likewise, Utah’s Latter-Day Saint majority has banned gambling entirely in its state constitution.Ĥ4 states are home to some form of casinos and allow charitable gambling.

Hawaii outlawed gambling even before it became a state. Presently, 48 US states allow some form of gambling, including state-run lotteries, within their borders. “Gambling, though widespread in the United States, is subject to legislation at both the state and federal level that bans it from certain areas, limits the means and types of gambling, and otherwise regulates the activity.” – Legal Information Institute

US States are losing revenue to unregulated offshore gambling – changing this trend could be profitable!

States with illegal gambling