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This is the outcome many addiction experts are fearing. In the wake of the landmark 2018 Supreme Court decision that made legal wagering on games a state-by-state decision, sports gambling has gone mainstream �� with professional leagues and state legislatures embracing it as a revenue source and betting advertisements and discussion becoming a regular part of the fan experience. Combined with the boom of sports betting apps, which eliminate much of the friction that once slowed the gambling process, concerns are growing over the potential for new gamblers to become hooked.
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Sports Betting Revenue: Revenue for sports betting has been climbing. For the first half of 2022 revenue totaled just over $3 billion compared to $4.3 billion for all of last year. Morgan Stanley forecasts revenue to reach $7 billion by 2025. Also, in 2021 Americans bet $57.2 billion on sporting events, a year-over-year increase of 165%.