Report: Expanding sports betting would generate $11.9B
By Las Vegas Sun
Extending legalized sports betting beyond Nevada and other states where it is currently lawful would create nearly $12 billion in gross gaming revenue in the U.S., says a report from a global gaming analyst.
GamblingCompliance Research Services’ report says the U.S. would become the world’s largest sports-betting market if a federal prohibition on sports wagering were eliminated. Revenue in the U.S. would be $11.9 billion — more than four times the amount of the United Kingdom, home of current leading market. Gross gaming revenue there is $2.8 billion.
Revenue in California alone would be $1.3 billion if legal sports wagering were expanded to tribal casinos, online and noncasino retail outlets, the report said.
