The American Sports Betting Industry Pulled In A Whopping $10.9 Billion In 2023, 45% Increase From Previous Year

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Andrew Powell Sports and Entertainment Blogger
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Plain and simple: Americans love to gamble.

The sports betting industry in the United States pulled in an incredible amount of revenue in 2023 — $10.9 billion, according to the American Gaming Association (AGA), USA Today Sports reported. The number is reportedly a massive 45% skyrocket from what 2022 brought in.

A whopping total of $120 billion was placed on bets last year, according to the AGA, the outlet reported. That particular number is reportedly a 30% shoot-up from the figure in 2022. (RELATED: Numbers Don’t Lie: The Sportsbooks Got Absolutely Killed By The Gambler In Super Bowl Betting)

The exact numbers from that year were $93 billion placed in bets and a total of $7.5 billion earned in revenue, according to the AGA, USA Today Sports reported.

The AGA reportedly found that the sports betting growth was a result from “largely fueled by continued maturation across most existing markets as well as several new markets, particularly in Massachusetts and Ohio.’’

Bringing in $1.7 billion in revenue in 2023, the top state for sports gambling is New York, while New Jersey and Illinois come next with a $1 billion tally. Ranking 10th is Nevada, with $480 million earned in revenue.

Personally, I’m loving the expansion of sports betting in America.

Yeah, the situation in Florida has been getting a bit cloudy with Daily Fantasy Sports (DFS), though I’m hoping all of that will clear through with new legislation here in the Sunshine State, but man, I’ve made a crap load of money since I started gambling in November. And quite frankly, I’ve fallen in love with the industry.

Hell, I got dreams of being like my man Ace one day after I build up an empire from being a sports bettor — owning casinos and ish and having beaucoup cash.

One day … one day. Mark my words. Pin this blog. It’s coming.