Five years ago, sports betting was nothing more than a concept that existed only in Las Vegas. Now, the American market has produced over $250 billion in combined wagers.
The repeal of PAPSA opened the floodgates for states to legalize their local wagering markets. Despite hesitation and speculation (which still continue in different states), legal sports betting has been a resounding hit and is now becoming interwoven with the fabric of sports themselves.
It took less than six months for the market to go from $200 billion to $250 billion. With the NFL season a couple of weeks away, a $300 billion national handle could be a reality before 2024.