Moreover, the rising penetration of smartphones along with the growing influence of user-friendly betting apps is also stimulating the market growth in the country. The increasing number of annual sports events and leagues in the US, such as Major League Baseball (MLB), National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL), etc., is primarily driving the United States sports betting market.
United States Sports Betting Market Trends: Sports bettors with in-depth knowledge of athletes and teams are more likely to make consistent profits. Sports gambling is more common in some cultures than others, with the most popular leagues for wagers being basketball, baseball, boxing, track cycling, football, etc. Bets on games allow fans to showcase their expertise or allegiance to a specific team or competitor.
Sports betting is a type of gambling activity that entails making predictions about sports outcomes and then placing a wager on the outcome. Looking forward, IMARC Group expects the market to reach US$ 15.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028. The United States sports betting market size reached US$ 7.5 Billion in 2022.
