According to the American Gaming Association, last year, Americans legally bet $147.91 billion on sports, a 24% increase from the year before. Over 95% of these bets were placed online. This led to $13.71 billion in sports betting revenue in 2024, up 25% from the previous year.
March Madness is one of the most popular times of year for sports betting. It was expected that people would bet $2.7 billion dollars in the 2024 NCAA basketball tournaments; That's almost twice as much money as what's wagered on the Super Bowl!
If you're placing any bets, be sure you know the risks and gamble responsibly.
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