Current Status of Sports Betting in the US – May 2023

Current Status of Sports Betting in the US - May 2023

Sports betting has become increasingly popular in the United States over the past few years. In May 2023, the current status of sports betting in the US is one of continued growth and expansion.

In 2018, the Supreme Court of the United States overturned the Professional and Amateur Sports Protection Act of 1992, which had prohibited sports betting in most states. This opened the door for states to legalize and regulate sports betting, and since then, more than 20 states have legalized sports betting.

Sports betting is now available in many states across the country, including Nevada, New Jersey, Pennsylvania, Delaware, West Virginia, Mississippi, Rhode Island, New Mexico, Arkansas, Iowa, Indiana, Illinois, Oregon, Montana, Colorado, Tennessee, and Washington D.C.

In addition to traditional sportsbooks, many states now offer online and mobile sports betting. This has made it easier for bettors to place wagers from anywhere in the state. Online and mobile sports betting has also helped to increase the popularity of sports betting in the US.

The sports betting industry is expected to continue to grow in the US over the next few years. As more states legalize sports betting, more people will have access to it and more money will be wagered on sporting events. This will lead to increased revenue for states and more jobs in the industry.

In addition to traditional sportsbooks and online/mobile sports betting, there are now several new forms of sports betting available in the US. These include fantasy sports betting, daily fantasy sports betting, and esports betting. All of these forms of sports betting are becoming increasingly popular in the US.

Overall, the current status of sports betting in the US is one of continued growth and expansion. With more states legalizing sports betting and new forms of sports betting becoming available, it is expected that the industry will continue to grow in the US over the next few years.