More than 30 US states likely to legalize sports betting if ban is lifted
Although it is difficult to predict how the sports betting market will evolve in the US, it seems certain to become a reality in the coming years. The New Jersey sports betting case has drawn the attention of the industry, as a win for New Jersey would pave the way for other states looking to legalize and regulate the pastime. The Eilers report notes that more than three-fifths of states in the US would take part, if given the green light.
From the report:
Our base case for the U.S. regulated sports betting market by 2023 calls for 32 states to offer regulated sports betting, with varying approaches to availability and the land-based / mobile question, resulting in a market worth $6.03 billion in annual revenue.
If every state legalized sports wagering – including online betting – annual revenue could rise to nearly USD 16B, in a best case scenario.
A new poll conducted by The Washington Post and the University of Massachusetts Lowell shows that a 55% majority of Americans support the legalization of sports betting in the country.
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