The research has also revealed which states have wagered the most amount of money on sports betting since the practice became legal in each territory.
New Jersey was the clear victor, with residents gambling $31bn since 2018, while Nevada – the US’s traditional gambling hub – came in second with $27bn.
Pennsylvania came in third, with a total of $17bn since sports betting became legal in 2019.
The remaining spots were comprised of Illinois in fourth, which saw bettors wager $16bn. New York, which only legalised sports betting in January 2022, is in fifth with $15bn. Indiana finished in sixth with $10bn. Colorado made $9bn. Michigan totalled $8bn. Virginia brought in $7bn. And finally, Tennessee in tenth, which saw $6bn wagered by its citizens.
A spokesperson from Sportsbook Review commented on the results: “Sports betting has seen a huge increase since some states have legalised it within the last four years, with wagers increasing by 70% from 2021 to 2022.
“In the first year after the Supreme Court ruling, legal US sportsbooks took in $9 billion – and in 2022, over $74 billion has been wagered. That represents a 744% increase in four years.
“It's clear that as sports betting becomes more accessible across America, the money wagered could increase exponentially, too. This is good for governments as they can tax it and utilise Americans' love of betting to build and improve the nation at local and national levels. It’s important, however, to be aware of the risks of gambling and never gamble if you can’t afford to lose the money.”
