Josh Peter, USA Today
The regulated U.S. sports betting industry raked in $10.9 billion in revenue last year, an increase of almost 45 percent from 2022, according to an annual report from the American Gaming Association (AGA).
The total wagered on sports last year was almost $120 billion, an increase of almost 30 percent from 2022, according to the report.
In 2022, the American sports betting industry took in $7.5 billion in revenue and slightly more than $93 billion was wagered, according to the AGA.
The AGA reported the overall growth in sports betting revenue was “largely fueled by continued maturation across most existing markets as well as several new markets, particularly in Massachusetts and Ohio.’’
Last year, Ohio made almost $937 million and Massachusetts took in $483 million, according to the AGA.
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