The United States Sports Betting Market is expected to reach US$ 67.19 billion by 2033 from US$ 32.46 billion in 2025, with a CAGR of 9.52% from 2025 to 2033. State-by-state legalization, mobile platform technological advancements, increasing consumer acceptance, integration with major sports leagues, data-driven wagering, and increased operator marketing to draw in new bettors and boost engagement across the country are the main factors driving the U.S. sports betting market.
The swift legalization at the state level after the 2018 PASPA repeal, which gave individual states the authority to control sports betting, is the main factor propelling the expansion of the U.S. sports betting market. Adoption has accelerated because to rising consumer demand, technological advancements in internet and mobile platforms, and collaborations between professional sports organizations and sportsbooks. The user experience is improved by combining live betting features, AI-driven odds, and comprehensive analytics. Strong advertising campaigns, celebrity endorsements, and the increasing acceptability of sports betting as a form of popular entertainment all contribute to the market's growth. States are also encouraged to accept the regulated betting business by increased tax revenues and the development of jobs.
United States Sports Betting Industry Overview
Predicting sporting events and putting bets on them via sportsbooks or internet platforms is known as sports betting. A variety of sports, including as baseball, basketball, football, and horse racing, are available for bettors to wager on. A variety of bet types, including moneylines, point spreads, and parlays, are included in the activity. In order to provide convenience and live in-game betting, modern sports betting combines real-time data, analytics, and mobile technologies. Since the federal ban was lifted by the U.S. Supreme Court in 2018, legalized betting has quickly spread throughout states. In addition to encouraging innovation in digital gambling platforms, sports betting now makes a substantial contribution to state tax income, fan engagement, and entertainment.The swift legalization at the state level after the 2018 PASPA repeal, which gave individual states the authority to control sports betting, is the main factor propelling the expansion of the U.S. sports betting market. Adoption has accelerated because to rising consumer demand, technological advancements in internet and mobile platforms, and collaborations between professional sports organizations and sportsbooks. The user experience is improved by combining live betting features, AI-driven odds, and comprehensive analytics. Strong advertising campaigns, celebrity endorsements, and the increasing acceptability of sports betting as a form of popular entertainment all contribute to the market's growth. States are also encouraged to accept the regulated betting business by increased tax revenues and the development of jobs.
Growth Drivers for the United States Sports Betting Market
Legalization Expansion
The biggest factor propelling growth in the US sports betting business is still the spread of legalization. More states have proceeded to enact laws allowing sports betting since PASPA was repealed in 2018, creating new regional markets and increasing consumer involvement. States are realizing the economic potential of legalized betting through tax collections, job creation, and investment inflows as regulatory frameworks develop. The continued expansion of legal betting operations was recently seen on July 2, 2024, when DraftKings Inc. announced the opening of its online sportsbook in Washington, D.C., pending licensing and regulatory approvals. This expansion lowers illicit gambling activity while facilitating wider customer access. The market is poised for consistent, long-term development as additional countries consider legalizing. It is anticipated that ongoing policy changes and interstate competition will further foster innovation and income production in the US sports betting market.Technological Advancements
Technological advancements are a crucial growth catalyst for the U.S. sports betting industry, revolutionizing user engagement, efficiency, and accessibility. The adoption of artificial intelligence, machine learning, and real-time data analytics enables personalized odds, predictive insights, and in-play betting experiences. Mobile technology, intuitive interfaces, and secure payment solutions have transformed sports wagering into a seamless, on-demand activity for millions of users. These innovations also enhance integrity monitoring and responsible gaming features, ensuring regulatory compliance and consumer protection. The use of digital tools for marketing, live streaming, and virtual betting environments further enriches user interaction. Cloud computing and blockchain are being explored for transparency and data security. As technology continues to evolve, operators can better cater to customer preferences and expand their reach across regulated states. This ongoing digital transformation ensures that sports betting remains a dynamic, scalable, and consumer-driven entertainment industry in the United States.Strategic Partnerships
Strategic partnerships between sports teams, leagues, and betting operators significantly drive market visibility and consumer trust in the U.S. sports betting industry. Collaborations create integrated marketing opportunities, strengthen brand credibility, and connect sportsbooks directly with fan communities. A notable example occurred in March 2025, when the St. Louis Cardinals announced a multi-year marketing agreement with bet365, marking the team’s first-ever Official Mobile Sports Betting Partner. The deal includes advertising on radio broadcasts, digital platforms, and prominent stadium signage, alongside naming rights to the bet365 Bridge at Busch Stadium. Such partnerships enhance brand exposure and fan engagement, while offering teams new revenue streams and innovative fan experiences. These alliances also promote regulated betting, steering audiences toward licensed operators. As more professional franchises embrace similar collaborations, the synergy between sports entertainment and betting is expected to fuel sustainable growth and deepen consumer loyalty nationwide.Challenges in the United States Sports Betting Market
Regulatory Complexity
One of the primary challenges in the U.S. sports betting market is the fragmented regulatory environment. Since sports wagering laws are determined at the state level, each jurisdiction has distinct licensing, tax structures, and compliance requirements. This inconsistency creates operational inefficiencies and complicates expansion for major operators seeking national reach. For instance, varying advertising restrictions, tax rates, and mobile betting permissions make it difficult to standardize business models. The slow pace of legislative approvals in large states like California and Texas further limits market potential. Navigating these diverse frameworks requires significant legal, financial, and technological resources, which can strain smaller operators and hinder innovation. Achieving regulatory harmony remains essential for sustained and equitable market growth.Problem Gambling & Responsible Gaming
Another critical challenge is the growing concern over problem gambling and the need for effective responsible gaming measures. The rapid expansion of online and mobile sports betting has increased accessibility, making it easier for consumers to engage excessively. This raises risks of addiction, financial loss, and mental health issues. Regulators and operators face mounting pressure to implement safeguards such as deposit limits, self-exclusion programs, and real-time behavioral monitoring. Despite these efforts, public awareness and enforcement vary by state, limiting their effectiveness. Negative publicity or social backlash over gambling-related harms could slow legalization momentum. Therefore, building a sustainable market depends on balancing commercial growth with consumer protection and promoting responsible gambling through education and technology.California Sports Betting Market
California represents one of the most significant untapped sports betting markets in the United States. Despite its large population and sports culture, sports betting remains unregulated due to legislative and tribal disagreements. However, the state’s massive fan base, technological infrastructure, and high disposable income signal enormous potential once legalized. California’s professional sports teams, including the Lakers, 49ers, and Dodgers, offer lucrative partnership opportunities for sportsbooks. Mobile betting is expected to dominate once allowed, driven by Silicon Valley’s influence and digital innovation. The market could generate billions in annual revenue, creating new tax streams for education and infrastructure while curbing illegal betting activities.Texas Sports Betting Market
Texas holds immense growth potential for the sports betting industry, supported by its large population, passionate sports culture, and strong economy. Currently, sports betting is illegal, but increasing legislative discussions and public support indicate possible future legalization. The state’s major sports franchises - like the Cowboys, Astros, and Mavericks - would provide powerful branding opportunities for sportsbooks. Texas’s conservative stance has slowed regulation, but economic incentives, including potential billions in tax revenue and job creation, are driving momentum. If legalized, the state’s mix of loyal fans, tech-savvy consumers, and tourism could make it one of the largest sports betting markets in the nation.New York Sports Betting Market
New York has quickly emerged as a leader in the U.S. sports betting market following the legalization of mobile sports wagering in 2022. The state generated record-breaking tax revenues within its first year, reflecting strong consumer demand. Major operators like FanDuel, DraftKings, and Caesars have leveraged aggressive marketing and partnerships with local teams such as the Knicks and Yankees. New York’s dense population, high income levels, and proximity to New Jersey fuel its rapid market expansion. Continued growth is expected through product innovation, live betting, and advanced mobile technology. The state’s success serves as a benchmark for others pursuing economic gains from legalized sports betting.Florida Sports Betting Market
Florida’s sports betting landscape is defined by its legal complexity and immense potential. Although sports betting briefly launched in 2021 through a compact with the Seminole Tribe, court challenges temporarily halted operations. However, recent legal developments have reopened the path toward full legalization. Florida’s large population, thriving tourism industry, and loyal fan base for teams like the Dolphins and Heat create a massive addressable market. The Seminole Tribe’s exclusive rights could centralize operations, promoting stability and strong regulatory oversight. Once fully operational, Florida’s market could generate billions annually, positioning it among the top sports betting states in the U.S., driving both economic growth and tourism-driven revenue.Recent Developments in United States Sports Betting Market
- July 2024, BetMGM expanded its mobile sports betting operations across Washington, D.C., extending beyond its previous two-block limitation around Nationals Park. The move followed the D.C. Council’s decision to liberalize the district’s digital sports betting market, allowing multiple operators to enter the space. With this expansion, BetMGM now offers district-wide access to its online sportsbook, increasing consumer choice and intensifying competition among betting platforms within the capital region.
- March 2024, ESPN BET officially launched its mobile and web-based sports betting platform in North Carolina, providing users with a broad range of wagering options. This debut marks the first new state launch under ESPN’s strategic partnership with PENN Entertainment, further strengthening the company’s national footprint and supporting the continued growth of legal sports betting across the United States.
United States Sports Betting Market Segments:
Platform
- Offline
- Online
Betting Type
- Fixed Odds Wagering
- Exchange Betting
- Live/In Play Betting
- Pari-Mutuel
- eSports Betting
- Others
Sports Type
- Football
- Basketball
- Baseball
- Horse Racing
- Cricket
- Hockey
- Others
States-Market breakup in 29 viewpoints:
- California
- Texas
- New York
- Florida
- Illinois
- Pennsylvania
- Ohio
- Georgia
- New Jersey
- Washington
- North Carolina
- Massachusetts
- Virginia
- Michigan
- Maryland
- Colorado
- Tennessee
- Indiana
- Arizona
- Minnesota
- Wisconsin
- Missouri
- Connecticut
- South Carolina
- Oregon
- Louisiana
- Alabama
- Kentucky
- Rest of United States
All companies have been covered from 5 viewpoints:
- Company Overview
- Key Persons
- Recent Development & Strategies
- SWOT Analysis
- Sales Analysis
Key Players Analysis
- 888 Holdings PLC
- Bet365 Group Ltd.
- Bet-at-home.com AG (BetClic Everest Group S.A.S.)
- Betfred USA Sports
- Betsson AB
- DraftKings Inc.
- Entain plc
- Flutter Entertainment plc
- International Game Technology PLC
- Kindred Group plc
Table of Contents
1. Introduction3. Executive Summary11. Value Chain Analysis
2. Research & Methodology
4. Market Dynamics
5. United States Sports Betting Market
6. Market Share Analysis
7. Platform
8. Betting Type
9. Sports Type
10. Top States
12. Porter's Five Forces Analysis
13. SWOT Analysis
14. Key Players Analysis
Companies Mentioned
- 888 Holdings PLC
- Bet365 Group Ltd.
- Bet-at-home.com AG (BetClic Everest Group S.A.S.)
- Betfred USA Sports
- Betsson AB
- DraftKings Inc.
- Entain plc
- Flutter Entertainment plc
- International Game Technology PLC
- Kindred Group plc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | December 2025 |
| Forecast Period | 2025 - 2033 |
| Estimated Market Value ( USD | $ 32.46 Billion |
| Forecasted Market Value ( USD | $ 67.19 Billion |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
