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Sports Betting in the US: Booming Growth, Regulatory Shifts, and Evolving Trends in 2025
Published 10 months, 3 weeks ago
Description
SPORTS BETTING INDUSTRY UPDATE: JUNE 2025
The sports betting landscape continues to evolve rapidly across the United States, with several significant developments shaping the industry in recent days.
The American iGaming market is showing remarkable growth potential, with projections indicating it will reach $56.3 billion in gross gaming revenue. This aligns with the broader online sports betting market, which is estimated at $53.78 billion in 2025 and expected to reach $93.31 billion by 2030, growing at a CAGR of 11.65%.
Recent state-by-state data reveals mixed performance. New York has seen a notable 20% increase in mobile sports handle for March 2025, while New Jersey's iGaming revenue surged by 23.7% during the same period. Pennsylvania also reported positive numbers with gaming revenue up 3.6% for March.
However, not all regions are experiencing growth. Nevada gaming revenue fell 9% year-on-year for February without Super Bowl activity, and Atlantic City reported a 9% decline in profits for 2024.
The regulatory landscape remains in flux. Hawaii's Senate has advanced a digital sports betting bill, while Illinois is considering proposals to legalize online gambling. Conversely, Nebraska's online sports betting push has stalled for 2025, and Alabama gambling regulation has failed to progress in the Senate due to insufficient votes.
Industry analysts from Eilers & Krejcik Gaming reported that NBA betting handle declined approximately 10% this past season compared to the previous year, based on data from several states. This suggests potential shifts in consumer preferences or betting patterns.
With nearly $150 billion wagered legally across the country in 2024 and legal states trending slightly ahead of last year's pace so far in 2025, the sports betting industry has firmly established itself in the American sports ecosystem despite regulatory challenges in some regions.
This content was created in partnership and with the help of Artificial Intelligence AI
The sports betting landscape continues to evolve rapidly across the United States, with several significant developments shaping the industry in recent days.
The American iGaming market is showing remarkable growth potential, with projections indicating it will reach $56.3 billion in gross gaming revenue. This aligns with the broader online sports betting market, which is estimated at $53.78 billion in 2025 and expected to reach $93.31 billion by 2030, growing at a CAGR of 11.65%.
Recent state-by-state data reveals mixed performance. New York has seen a notable 20% increase in mobile sports handle for March 2025, while New Jersey's iGaming revenue surged by 23.7% during the same period. Pennsylvania also reported positive numbers with gaming revenue up 3.6% for March.
However, not all regions are experiencing growth. Nevada gaming revenue fell 9% year-on-year for February without Super Bowl activity, and Atlantic City reported a 9% decline in profits for 2024.
The regulatory landscape remains in flux. Hawaii's Senate has advanced a digital sports betting bill, while Illinois is considering proposals to legalize online gambling. Conversely, Nebraska's online sports betting push has stalled for 2025, and Alabama gambling regulation has failed to progress in the Senate due to insufficient votes.
Industry analysts from Eilers & Krejcik Gaming reported that NBA betting handle declined approximately 10% this past season compared to the previous year, based on data from several states. This suggests potential shifts in consumer preferences or betting patterns.
With nearly $150 billion wagered legally across the country in 2024 and legal states trending slightly ahead of last year's pace so far in 2025, the sports betting industry has firmly established itself in the American sports ecosystem despite regulatory challenges in some regions.
This content was created in partnership and with the help of Artificial Intelligence AI