As Sports Gambling Grows, So Do Appetite-Whetting Sure Bets

Sports betting is legal in 20 states and the District of Columbia. FanDuel signed up nearly 47,000 new Michigan bettors last week. The industry is growing fast. If all 50 states permit sports betting, revenues will surpass $19 billion annually. 14 betting states took in more than $1 billion in 2020. Sports gambling can bolster economies in new markets. It's estimated that revenue will grow sixfold by 2023. There are more sports books promoting their services on social media and broadcasts. This weekend's Super Bowl is the most-watched television show in the United States.