American Sports Betting

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Americans bet more than $140 billion on sports last year

More than $15 billion was wagered in November alone, per Legal Sports Report.

Claire Yubin Oh

1/27/25 11:29AM

America loves its sports, and risk-taking also isn’t exactly shunned in the land of the free.

Since the US Supreme Court legalized states to allow sports betting in 2018, it’s no surprise that millions of Americans have gone on to bet on their favorite team. What is surprising, however, is just how big the industry has become already.

Indeed, legal betting is now ingrained in US sports culture, with leagues and players, franchises and networks, all keen to partner with leading sportsbooks. Americans wagered more than $140 billion in 2024, per data collected by Legal Sports Report.

This includes handles from events like the Super Bowl, which was predicted to draw in $23.1 billion in a single evening, with more than a quarter of all Americans to place some form of bet on the results, according to the American Gaming Association.

At the center of the boom is the mobile-friendly betting experience offered by industry giants like DraftKings and Flutter Entertainment, the latter of which now has a $47 billion market cap, making it more valuable than physical casino giant Las Vegas Sands. A sign of the times... even if they were on the wrong side of results in December.

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