Recent Posts

Most Used Categories

Category: Roundhill

The Explosive Growth of Sports Betting

by Rida Khan
This post is by Rida Khan from Visual Capitalist

Published • Updated •
The following content is sponsored by Roundhill

The Explosive Growth of Sports Betting

In 2022, the sports betting market showed the fastest growth in all commercial gaming segments, with a staggering 75% increase in revenue year-on-year.

This growth is more than that of all other streams of gaming revenue combined. This includes slots, table games, and iGaming. 

In this infographic from Roundhill, we explore this explosive growth and the factors that are driving it.

What is Driving this Growth?

Legalization, innovation around the user experience, and other new business opportunities are all factors that are driving growth in the sports betting industry.

State-Level Legalization

Legalizing sports wagering at the state level has been a pivotal factor in this equation.

The federal ban was lifted in 2018. Since then, it has become live and legal, in-person and online, in 19 states as of 2020, and 33 states as of 2023.

Additionally, it’s now legal to bet online but not in person in Kentucky and Tennessee. Hence the entire industry in these states is being driven entirely by digital betting.

Innovative Technologies

This frictionless experience is proving to be quite the appeal to consumers, with 86% of sports wagers now being placed online.

In addition to mobile betting, other features are enhancing the sports wagering experience, such as:

  • In-play betting
  • Artificial intelligence (AI) and machine learning (ML) to increase prediction accuracy
  • (Read more...)

Super-Sized Bets for Football’s Big Game (2013-2022)

by Jenna Ross
This post is by Jenna Ross from Visual Capitalist

The following content is sponsored by Roundhill Investments.

Football betting on Super Bowl infographic

The Briefing

  • Sports betting became legal outside Nevada when the federal ban was lifted in 2018.
  • Legalization contributed to betting growth, with wagers on football’s big game increasing ten-fold over the last decade.

Super-Sized Bets for Football’s Big Game

With 99 million viewers in 2022, “more Americans tune in to the Super Bowl than any other television broadcast.” Its large viewership, combined with expanding legislation, has led to ballooning wagers.

In this graphic sponsored by Roundhill Investments, we show how these bets have grown over the last 10 years.

Annual Legal Bets on the Big Game

From 2013 through 2018, sports betting was only legal in Nevada and year-over-year growth was low. However, when the federal sports betting ban was lifted in May 2018, more states started allowing bets.

By 2022, 33 states plus Washington, DC were legally able to bet on the game. Wagers climbed quickly as a result.

YearTotal BetsAnnual Growth
2013$99M5%
2014$119M21%
2015$116M-3%
2016$133M14%
2017$138M4%
2018$159M15%
2019$191M20%
2020$280M47%
2021$486M73%
2022$1.1B119%

Data only for states that report bets on football’s big game, see graphic for full list of states included in 2022.

Impressively, legal bets surpassed the $1 billion mark in 2022. Growth was primarily driven by New York State legalizing online sports betting, with the state contributing nearly $500 million to the total.

Since (Read more...)