Analysis Regulation Sports Betting

US Sports Betting Revenue Tracker: States Are Cashing In

US sports betting revenue

With sports betting taking hold across the US, revenue figures are starting to pile up. As expected, Nevada is way out in front. However, the latest chart shows that New Jersey is quickly making up ground on its more established counterpart.

Indeed, as we’ve shown in our exclusive US sports betting revenue chart, March saw the Garden State rake in almost $32 million. Buoyed by March Madness, the monthly revenue report is a clear sign that New Jersey may soon become a bigger sports betting economy than Nevada.

States Gaining Momentum

While the big two battle for supremacy at the top of the US sports betting stakes, other states are gaining momentum. Running through the figures in our interactive chart, Pennsylvania has made monthly gains since November 2018 while Mississippi, Delaware and West Virginia are all moving at a steady pace.

With the full effects of PASPA’s downfall yet to be felt, the latest data is certainly encouraging. Although further regulation is needed before the US can rival veteran sports betting markets such as the UK, things are on the up.

Indeed, as the market continues to grow, we’ll be tracking the progress of each state and analyzing their comparative fortunes right here at USBettingReport.com. What’s more, you can keep track of the latest regulatory updates and get the complete history of US sports betting in our handy timeline.

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