It’s estimated that over half a trillion (over €500 million) is wagered in bets around the world annually. Sports wagering makes up about 30 to 40 percent of the global gambling market, which also includes lotteries, casinos, poker, and other gaming.
In the online and offline world of sports betting, the numbers are massive, with some of the biggest betting conglomerates having hundreds of thousands of customers around the world. To highlight how significant betting on sports has become, let’s look at the numbers. Operators are fighting for a share of the market, meaning there has never been more options for sports bettors to choose from. Online sportsbooks and online casinos have attracted new bettors from all over the country. Since the Supreme Court removed the The Professional and Amateur Sports Protection Act (PASPA), in 2018, online betting in particular has risen to become one of the most lucrative industries in the country.
Sports betting has seen a surge in popularity in the United States in recent years.
