- ABC News
- February 20, 2024
As the American sports betting industry continues to expand, it has reached a high water mark, posting a record $10.92 billion in revenue for 2023, according to the American Gaming Association's annual report. The huge year for the industry represented a 44.5% year-over-year increase from 2022, which previously held the record. A handle of $119.84 billion (a 27.8% year-over-year increase) combined with an increased year-over-year sportsbook win percentage of 9.1% (up from 8.1% in 2022) contributed to the record. AGA notes that these figures are all without Arizona (November) and Kentucky (November and December) reporting their most recent data. Another key factor was the addition of five new legal betting states -- Kentucky, Maine, Massachusetts, Nebraska and Ohio -- all going online in 2023. Ohio has quickly established itself as a sports betting hotbed, bringing in $936.6 million to rank as the fourth-highest-earning state in the country. The five new states combined to bring in...