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U.S. Sports Betting Market Set to Soar to $33B

8/29/2025

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Summary

Story summary

The U.S. sports betting market is projected to grow from $18 billion in 2024 to nearly $33 billion by 2030, fueled by online platforms.
The 2018 Supreme Court decision allowed states to regulate sports gambling, ending federal restrictions.
States may generate approximately $3 billion in tax revenue from sports betting by 2024, with differing tax rates.
The industry must address problem gambling while balancing growth and consumer protection.

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Story summary

The U.S. sports betting market is projected to grow from $18 billion in 2024 to nearly $33 billion by 2030, fueled by online platforms.
The 2018 Supreme Court decision allowed states to regulate sports gambling, ending federal restrictions.
States may generate approximately $3 billion in tax revenue from sports betting by 2024, with differing tax rates.
The industry must address problem gambling while balancing growth and consumer protection.