Online Betting Boom in US: Nevada Leads in Wins, New Markets Surge
Online betting is booming in the United States, with newer markets like Massachusetts, Kentucky, and North Carolina showing impressive winnings despite their recent launch. Since 2018, over $500 billion has been bet on sports, with bettors collectively winning over $450 billion.
The state with the highest win rate is Nevada, at 94.2%, indicating better returns for bettors in Las Vegas. Conversely, Delaware has the lowest win rate at 84.3%. Nationally, the average winning percentage for bettors stands at 91.4%.
Since the Supreme Court's 2018 decision to overturn PASPA, states like California and Nevada have seen significant profits from sports betting. In 2024 alone, nearly $3 billion in tax revenue was generated. Las Vegas, a major market, recorded record betting revenues in summer 2021, supported by continued investments in casinos and resorts along the Strip.
New York bettors have won the most among all states, with over $59.7 billion in winnings. Despite being eclipsed in volume by newer powerhouses, Nevada bettors have collectively won over $45.1 billion. New Jersey follows closely with over $57.0 billion in winnings. As online betting continues to grow, these figures are expected to rise.
