Altenar research reveals half of Americans have bet on sports at least once
The company attributes a rise in activity to an American love for sports.
Sportsbook software provider Altenar has compiled some statistics regarding betting trends in the United States based on data compiled by Earthweb’s site.
According to Altenar’s analysis, 50% of Americans have placed at least one bet on a sporting event during their lifetime. A US love for all things sports is more than likely a contributing factor to this trend, according to the company’s findings.
Since the Supreme Court repealed PASPA in 2018, online gambling is currently available in 32 states, with 18 of those allowing for legal online sports wagering.
According to the US Census Bureau, those jurisdictions represent more than 166.9 million people.
According to recent data, revenue derived from betting wagers has surpassed $100bn during the past four years since PASPA has been overturned. Altenar examined three US states as a frame of reference for the potential success operators in the US could have. The company looked at figures from Nevada, New Jersey and Pennsylvania.
Nevada’s number revealed the state has taken in $20bn in revenue from sports betting wagers, with New Jersey and Pennsylvania generating total revenues of $24bn and $11bn respectively.
The company believe these three states reflect an overall trend of future success in other states that have legalized sports betting.
Altenar also pulled statistics from newer forms of betting, such as esports and iGaming.
According to its finding, League of Legends grabbed the top spot for the highest average dollar amount placed per bet, which was $39 in total revenue. Other games like Counter-Strike: Global Offensive and Dota2 earned as much as $25.50 per bet.
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