Mobile Sports Bets Booming in Some States as Others Shy Away

  Remember 2018? It wasn’t just the year the Golden State Warriors dynasty peaked. It was the year the Supreme Court overturned PASPA, opening the floodgates for legal sports betting in the US.

The first year alone was a barn burner, and fast forward five years, the champagne corks are popping again. The US sportsbooks have just pulled off its most impressive feat yet, smashing its already-lofty records in 2023.

2023: Expansion Galore and Bets to Blow Your Mind

As of December 2023, the party spread to 38 states plus Washington D.C, and 26 that legalized online sports betting, with newcomers like Maine, Massachusetts, Kentucky, Ohio, etc, joining the fun.

This expanded playground wasn’t just about extra hot dogs and ballpark peanuts – it fueled a phenomenal growth spurt. The US sports betting market saw a staggering $23.02 billion in bets in Q3, a 32.7% jump from 2022.

The new markets contributed around $358.7 million. Minus the new markets, there is also a steady 2.7% increase, meaning states like New Jersey, Pennsylvania, and Indiana are not lagging.

Beyond the Numbers: What’s Driving the Betting Bonanza?

Beyond the Big Numbers: What Are People Betting On?

While the sheer volume of wagers is impressive, what are people betting on? Football remains the undisputed king, with basketball and baseball not far behind. However, the rise of niche sports like MMA and esports is noteworthy, indicating a diverse and evolving betting landscape.

Traditional moneyline and point spread still dominate the types of bets, but prop bets, like how many three-pointers Steph Curry will sink, are gaining traction.

The Garden State retained its title this year for having the most bet per capital with over 5.7 billion wagered. While New Jersey might be the top dog, Nevada and New York are giving it a run for its money.

Among the top states, the real surprise contender is Arizona, emerging as a dark horse with impressive growth and passionate sports fans. The state handled $3.2 billion in sports wagers, an 85% increase from 2021.

Conclusion: The Future’s Bright for the Big Game

The US sports betting market has come a long way since its humble beginnings. With continued expansion, technological advancements, and an ever-growing appetite for sports, the game shows no signs of slowing down.

Whether you’re a seasoned handicapper or a casual fan dipping your toes into the pool, buckle up and prepare for a thrilling ride.

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The US sports betting market is just warming up, and the next season promises to be even more exciting than the last.