time handle, alongside New York, New Jersey, and Nevada.


Pennsylvania was among the first states to allow online sports gambling. Ex Governor Tom Wolf signed the bill in the event that PASPA was overturned as a way to meet an over $2.3bn budget deficit. Retail sportsbetting launched in November 2018 and online betting went live in May 2019. In 2023 sports betting revenue hit a record of $458.6m.


While sports betting has been a huge success in these states it’s not just those first out of the gate where sports betting has taken off. Since PASPA’s repeal New York State now ranks third in overall handle. New Jersey is first with $44.2bn; Nevada is second with $36bn. New York’s $35.7bn is a close third but while New Jersey and Nevada have offered mobile sports wagering for five-and-a-half and 11 years respectively, New York has offered it for just two. During that time, New York State has nine of the top ten


all-time US monthly sports wagering handles, with New Jersey occupying ninth on that list for November of 2023 according to the governor’s office.


On the two-year anniversary of mobile sports wagering in New York State, Governor Kathy Hochul also announced the state had collected more than $1.55bn in taxes on sports betting, most of it to be used for education. Last year’s $862m, when added to $693m as well as $200m in licensing fees collected in 2022 brings the total generated revenue to $1.75bn, which has shattered national records for mobile sports wagering.


If laws are changed in some of the larger hold out states then we will see a huge boost in the industry overall. However, these states offer a particularly complex legislative and gaming landscape. In “Bookie” one of the characters tells the protagonist that "it’s only a matter of time before California legalises sports betting.” It is still unclear if


On the two-year anniversary of mobile sports wagering in New


York State, Governor Kathy Hochul also announced the state had collected more than $1.55bn in taxes on sports


betting, most of it to be used for


education. Last


year’s $862m, when added to $693m as well as $200m in licensing fees


collected in 2022 brings the total


generated revenue to $1.75bn.


Californians will ever be able to make a legal bet in the state. It also looks like the road to legalised sports betting will be a long one in other states due to the fact that there are so many competing interests at play.


Lawmakers need to appease tribal interests, sport team owners, state lotteries, racetracks and casino owners and at the same time ensure that their citizens are able to get a fair bet too. Spurred on by ever increasing revenues in neighbouring states and the real demand for sports betting as it becomes more mainstream we are seeing an increasing willingness amongst lawmakers to make sports betting a reality within their state borders. As a result we are likely to see progress in these remaining states.


Meanwhile, those states which have already given sports betting the green light will continue to reap the benefits of a well regulated sports betting market post PASPA.


WIRE / PULSE / INSIGHT / REPORTS P45


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