Sports betting has become increasingly popular in the United States since it was legalized in 2018. Previously, it was only allowed in Nevada.
Now, about 40% of Americans participate in betting on various sports events, such as the Super Bowl and Major League Baseball's rookie awards. This growth has caught the attention of industry experts, including Dan Rosenheck from The Economist and Peter Jackson, the CEO of Flutter. They have provided insights into how regulatory changes have influenced consumer behavior and the wider implications for the sports and entertainment industries.
As more states adjust to this new reality, the expansion of sports betting is reshaping the financial landscape of both traditional and emerging markets, marking a significant moment in the development of American gambling practices.