Legal sportsbook industry is growing slowly in the US since the Supreme Court’s decision to lift the federal ban on sports wagering. According to the American Gaming Association, sports betting handle passed the $10 billion-mark last July.
The milestone shows a significant growth of the industry since the Supreme Court ruling on the PASPA. However, the milestone only represents less than the $150 estimated handles of illegal wagers in the US.
Despite the slow growth, Price Per Player is optimistic that sports betting handle will grow faster in the future as more states make wagering on sports legal. In addition to Nevada, other states with legal sportsbook industry include New Jersey, Mississippi, Delaware, Pennsylvania, West Virginia, Rhode Island, Arkansas, New Mexico, and New York.
Legal Sportsbook Industry in the US
Iowa is the latest state to offer legal sports betting. Also, Indiana will launch is sports wagering in September. When it comes to legal sports wagering, Nevada is still the top dog. However, New Jersey is not that far behind in second place.
Since May 2018, Nevada handled $5.3 billion of sports wagers. On the other hand, New Jersey handled $3.5 billion during the same period. Sportsbook pay per head solutions experts pointed out the strong performance of New Jersey bookies to their mobile and online betting platforms.
More than 85 percent of NJ’s handle came online. Some states only offer retail gambling that requires players to be at a betting facility to place their bets. That’s the situation of sports betting in New York. As a result, it is losing a lot of potential business by not offering any online options.
Bookie pay per head services said that Texas, Florida, and California are huge sports betting markets. However, the three states don’t have any legislation to legalize sports wagering. Florida might be the last state to join the sports betting bandwagon because it still hasn’t considered the topic at this point.