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The results come courtesy of the American Gaming Association (AGA), which said 2022 is set to be the biggest year in history for US gambling, as it is currently tracking 14.7% up on the first nine months of last year.
AGA President and CEO Bill Miller commented on the fiscal results, saying: “While business challenges remain, high consumer demand continues to fuel our industry’s record success. Our sustained momentum in the face of broader economic volatility points to gaming’s overall health today and provides confidence as we look to the future.”
Furthermore, the AGA pointed out that sports betting had set a new quarterly revenue record of $1.68bn – representing a rise of 80% annually.
This comes as no surprise, as more and more US states are legalising sports betting. In the last nine months, several US states have launched sports betting, including Kansas – while Ohio has set a 1 January 2023 date for the launch of sports gambling, with Maryland also launching in Q4 2022.
Furthermore, Massachusetts finally legalised the activity, and it is set to launch at some point in 2023.
Sportsbooks are clamouring to offer bettors the best deals in newly legalised states, with DraftKings giving players that register for its sportsbook $200 in free bets on launch day – while also being entered into a draw to win a $100,000 bet.
