It just enjoyed its fifth week all-time of handle above $500 million on sports betting apps.ĭon’t expect any plateau in all of this soon, as in 2024 Vermont and North Carolina betting will start adding to the national total. It stands to reason that it will go still higher with November’s handle, and that the new national record of $12.8 billion wagered in October will be shattered by whatever’s reported when all of last month’s figures are tallied.Īnd then there’s the ginormous and timely example of New York, where sports betting financial data is reported on a weekly basis instead of only by the month. Arizona sports betting lags a month behind those states in reporting, but its October was its second-highest month ever. In November, bettors in Pennsylvania wagered more than they ever had in any month before.

The growth has been bolstered by launches this year of a few large states such as Ohio and Massachusetts, on top of the increasing acceptance of sports betting as a normalized sector of American entertainment, endorsed by everyone from pro sports leagues to governors to giant media outlets like ESPN. legally in 2022 on everything from table tennis to the Super Bowl. With some states yet to report November figures, and all still to know December’s numbers, that’s already well above the $93.8 billion wagered in the U.S.

No one involved in media coverage of the gambling industry does a better job than Sports Handle’s Chris Altruda in tracking sports betting revenue, and he reported this week that the latest November reports from regulators in Pennsylvania and Michigan had brought the year’s known betting handle to $100.6 billion. One thing we can say with certainty, however, is that the public is risking more money on legal sports wagers than ever before - in excess of $100 billion in 2023 now, and still counting. Supreme Court’s 2018 PASPA repeal, as bookies like Uncle Vince at the corner bar weren’t publishing monthly reports for everyone to pore over. No one knows for sure how much money Americans were wagering on sports prior to the U.S. sports betting headlines, highlighting some fresh news, and rounding up key stories. Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top U.S.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

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