A few years ago, sports betting wouldn’t have been considered a profitable investment. For starters, it was illegal in the U.S. outside of Nevada under federal law. The Supreme Court overturned that law in 2018.
Now in 2021, a number of states have legalized some form of gambling and sports betting. With New Jersey leading the way, $13.5 billion has been wagered in the state since the maelstrom of legalization began. The estimated total market size of $8 billion by 2024 is now projected to be double that amount by 2025.
Is Sports Betting Profitable?
According to the American Gaming