Sports betting refers to a type of gambling in which consumers place bets on the outcome of sports events. The favorite sports betting website or app in the United States as of July 2023 was DraftKings, with 56.5 percent of respondents saying they preferred the service. FOX Bet followed close behind, with 50.1 percent of respondents reporting that it was their preferred website or app. Most sports betting takes place online, as can be seen when looking at sports betting revenue in the U.S. by betting type, where online revenue was forecast to reach over three times as much as land-based revenue by 2025.
When was sports betting legalized in the U.S.?
In 2018, sports betting was legalized in the United States at the federal level, but each state remained in control of its own regulations. As a result, the sports betting landscape is complicated as each state can legalize and regulate as they see fit. While there are states that have still not legalized sports betting that does not mean there is not public support to do so. In 2021, a significant share of sports fans were likely to gamble if sports betting was legal in the United States. The interest in sports betting varied by professional sports fan base. Fans of Major League Soccer (MLS) expressed the most interest in sports betting with 53 percent of respondents stating that they were very interested in the practice. Additionally, 37 percent of fans who follow the National Football League (NFL) stated that they were very interested in sports betting.
Among which consumers is sports betting most popular?
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Drive Research. (August 2, 2023). Favorite sports betting websites and apps in the United States as of July 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1199493/sports-betting-companies-most-used-us/
Drive Research. "Favorite sports betting websites and apps in the United States as of July 2023." Chart. August 2, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1199493/sports-betting-companies-most-used-us/
Drive Research. (2023). Favorite sports betting websites and apps in the United States as of July 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1199493/sports-betting-companies-most-used-us/
Drive Research. "Favorite Sports Betting Websites and Apps in The United States as of July 2023." Statista, Statista Inc., 2 Aug 2023, https://www.statista.com/statistics/1199493/sports-betting-companies-most-used-us/
Drive Research, Favorite sports betting websites and apps in the United States as of July 2023 Statista, https://www.statista.com/statistics/1199493/sports-betting-companies-most-used-us/ (last visited July 22, 2024)
Favorite sports betting websites and apps in the United States as of July 2023 [Graph], Drive Research, August 2, 2023. [Online]. Available: https://www.statista.com/statistics/1199493/sports-betting-companies-most-used-us/