Americans have lost $245BILLION on sports betting since 2018
October 28, 2023
Americans have lost a shocking $245billion on sports betting since the Supreme Court loosened restrictions on the industry in 2018, with experts fearing that gambling addiction has gripped the nation.
Gamblers used to be forced to travel to casinos Nevada, which was exempt from a national gambling ban, along with Delaware, Oregon and Montana.
But since the 1992 ban was lifted, the industry has become a high- growth tech business that saw more than $12billion in revenue in just 2022.
Sports betting is now legal, typically for adults aged 21 and over, in 34 states and Washing D.C. – and 에그벳 in 25 jurisdictions in the US gamblers can bet online. The industry has generated more than $3.4billion in tax revenue.
The U.S. has overtaken the U.K as the biggest regulated online gambling market in the world, and as the industry continues to grow, concerns are rising that addition to sports gambling could become a national crisis.
Americans have lost a shocking $245billion on sports betting since the Supreme Court loosened restrictions on the industry in 2018
Since the Professional and Amateur Sports Protection Act was struck down, 36 states and Washington DC have legalized sports betting, typically for adults aged 21 and over
The National Council on Problem Gambling’s helpline has seen its traffic increase by 21 percent when compared to last year, receiving more than 30,000 calls and texts in March, as reported by the Financial Times.
An alarming study conducted by New Jersey’s attorney general found that 6 percent of people surveyed in the state are problem gamblers and up to 20 per cent of citizens exhibit signs of problematic play.
