To trace the rise in popularity of sports betting in the United States, we must go back to 2018. The Supreme Court struck down a federal ban on sports betting in May 2018 and in the process, put the power of legal sports betting in the hands of each state. It is now in the control of state governors to decide if they would like to try and pass a bill to legalize sports betting, including online sportsbooks.
The state of New jersey was at the forefront of the push to end the federal ban on sports betting and they became one of the first states to offer legal sportsbooks. There was no doubt the interest in sports betting was always there and it was just a case of being in a position to offer a legal and safe option for those who wanted to have a wager on sporting events.
In terms of online sports betting, several states have chosen to legalize sports betting applications. They include New Jersey, Pennsylvania, Illinois, Michigan, Virginia, Colorado, Tennessee, Indiana, West Virginia, Iowa, New Hampshire, Oregon, Rhode Island, and Montana.
Essentially, the more states in which sports betting becomes legal, the more people are going to have a wager on a sporting event. Therefore, simply the introduction of legal sports betting can account for much of the boom in the activity since 2018.
However, legalising sports betting in a state is not going to be enough to continue the growth of the sector. The selection and quality of online sportsbooks is going to play a huge role and there are already plenty of leading brands available across the US. Some of these are domestic gambling brands, including DraftKings, FanDuel, PointsBet, BetRivers, BetMGM Sports, WynnBet, and Caesars Sports App. We have also witnessed the introduction of some of the biggest names in sports betting from Europe, including 888 Sport, Unibet, Bet365, and William Hill.
They do not get much bigger than William Hill, which has been offering sports betting since 1934. The introduction of respected sports betting brands, such as William Hill, is only going to lead to more people having a wager in the United States. These are massive gambling brands that have been in business for decades and even if you are having issues with William Hills app, then try these hacks to fix the problems easily. Most of the issues people face with online gambling apps are simple to fix and take a matter of seconds.
We only have to look at the figures to see how sports betting in the US is booming. In 2020 alone, the sports betting market in the US generated $1 billion in revenue. Ahead of the 2021 Super Bowl, it was reported at least 20 million Americans were going to have a bet on the event, with over $4 billion being wagered on the game.
As of mid-2021, legal sports wagering is still new for many people in the US and as more states make the activity legal, the more the total revenue will grow.