BtoBet Forecasts Tripling of Sports Betting Revenue by 2026
BtoBet released an industry report on the state of the U.S. gaming industry. It predicts that within the next 3-4 years, U.,S legal sports betting revenue will triple. Mobile wagering will account for 86% of total gross sports betting market revenues in the US by 2025. 2022 will be another record year for the gaming market in U,S., with revenues reaching $50 billion. The first half of this year saw total GGR revenues reach $29.16 billion, an 18% rise as compared to H1 2021.
Vixio's estimate of sports betting revenue is higher than Morgan Stanley's. BtoBet's forecast suggests that California will account for 13.3% of the nationwide sports betting market by 2026. In Q2 2022, 21 of 31 commercial U.S. gaming jurisdictions reported revenue gains. Nine states set Q1 records. Florida and Texas are expected to legalize sports gambling.
