Across the United States, there has been a significant increase in the popularity of online sports betting in recent years.
Following the Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA) in 2018, states were given the power to legalize and regulate sports betting.
This ruling set the ball rolling for a thriving sports betting industry in the US.
This article will take a look at the top five betting states in the US.
First on our list is Nevada, it is the home of the world-famous and vibrant city of Las Vegas.
Nevada is at the forefront of the betting industry even before the countrywide legalization of sports betting.
Long before the Supreme Court ruling on PASPA, Nevada had already carved a niche for itself as the top destination for gaming in the United States.
In addition to its reputation as a betting haven, the early adoption of sports betting has also been instrumental in establishing it as the top betting state in the US.
Sports betting has been so successful that Nevada’s gambling revenue reached a record $14.84bn in 2022.
2. New Jersey
New Jersey is another foremost sports betting state. In the aftermath of the Supreme Court ruling which gave states the power to legislate on sports, New Jersey made sports betting legal within its borders.
In June 2018, Governor Phil Murphy signed the legislation allowing sports betting in the Garden State.
Its proximity to cities like New York and Philadelphia has also played a part in the growth of the sports betting industry in the state.
In 2022, the state recorded a joint revenue record of $5.21bn with 2006 despite a decline in gambling revenue.
The growth of online sports betting in Pennsylvania has been nothing but phenomenal, and the state has established itself as one of the top sports betting states in the US.
The state boasts a significant population and a virile sports culture. Since legal online sports betting launched in 2019, the state has grown from strength to strength in the sports betting industry.
Going by figures from the Pennsylvania Gaming Control Board, Sportsbooks handled about $7.25bn, while online casinos raked in $1.36bn in revenue in 2022 alone.
And if all the indicators are anything to go by, the revenue is likely to get even higher with more people signing up for online sports betting particularly because of the impressive array of Pennsylvania Sportsbook Bonuses.
The rise of Illinois to become one of the top destinations for sports betting in the United States is not surprising.
The combination of sports-loving residents and its strategic location in the Midwest has helped the sports betting industry in the state to grow.
Earlier in the year, the Illinois Gaming Board reported that traditional sports wagering handled around $1.03 bn for December, making it the third consecutive month it exceeded the 1 billion mark.
The final entry on our top five betting states list is Colorado. While Colorado may not have a long history of gambling, it is now one of the hotbeds of sports betting.
Colorado joined the fray and legalized online sports betting in 2019.
In 2022, the Centennial state recorded the sum of $5.18bn in revenue from sports betting.
As online sports betting continues to catch on across the United States, several states have made some gains in the sports betting industry.
Nevada and New Jersey are leading the way, while other states are not too far off from the leading duo.
The sports betting landscape will continue to move and shift as more states legalize sports betting.