Sports Betting Revenue By State

06 / 01 / 2021 By Mark Saldana

Blog Home | All Posts

As an avid sports fan, you may be interested in the amount of sports betting revenue states collect yearly. 

However, finding organized, tabulated data with a simple Google search can prove challenging. 

That’s why we created this extremely comprehensive guide on sports betting revenue by state. Keep reading to learn more about the sports betting industry and view yearly and monthly data on sports betting revenue by state.

Table of Contents

A Brief Overview of the Sports Betting Industry

Before the supreme court overturned PASPA in 2018, Nevada was the only state where sports betting was legalized under state jurisdiction.

Today, more and more states are beginning to get in on sports betting action. As of 2021, 19 states and Washington D.C. have legalized sports betting in some kind of capacity, whether it be in-person, on mobile, or both.

Six states passed bills to legalize sports betting in 2020 and 2021, including: 

  • Washington
  • Louisiana
  • South Dakota
  • Virginia
  • North Dakota
  • Maryland

When it comes to legalizing sports betting, every state’s legislature has attempted to pass a bill except for Wisconsin, Idaho, and Utah.

What Is the Size of the US Sports Betting Market?

As states release revenue reports over time, we have begun to get a better understanding of just how big the sports betting market really is. Gambling analysts have estimated that the sports betting market is worth somewhere between $200-400 billion.

As sports betting becomes legalized in more and more states, especially for mobile sports betting, this number will increase significantly.

How Much of Sports Betting Revenue Can Be Accounted For?

When it comes to sports betting revenue by state, only specific revenue is tracked and tabulated.

Offshore sportsbooks that do not fall under US jurisdiction have no requirement, or desire, to share their revenue reports with the public. Similarly, tribal casinos are also not required to share their revenue reports.

Some states also choose not to disclose any financial data concerning sports bets. This can make finding data on sports betting revenue by state on the internet rather difficult. Keep reading for a simplified, comprehensive report on available data for states’ sports betting revenues.


Which State Has the Highest Sports Betting Revenue?

When it comes to holding the highest sports betting revenue, the state of Nevada reigns supreme, with New Jersey following in a close second.

Take a look at the chart below, which ranks sports betting revenue by state from highest to lowest using available data.

StateTotal State Revenue Since Legalization
New Jersey$922,532,948
West Virginia$58,081,293
Rhode Island$48,179,107
New York$1,385,331

How Has the Coronavirus Affected States’ Sports Betting Revenue?

States where sports betting is only permitted at physical locations, like the state of New York, were severely impacted by closures due to the coronavirus pandemic. States that offer mobile sports betting options, like Nevada and New Jersey, were able to avoid any severe losses during the height of the pandemic.

Zensports: The Best Way to Place Sports Bets

Zensports is revolutionizing the sports betting industry and making it easier than ever to place mobile sports bets. 

At Zensports, we have been able to achieve something that no other online sports betting option has been able to do — eliminate the bookmaker. 

How does eliminating the bookmaker benefit sports bettors? Eliminating the bookmaker eliminates bookmaker fees, meaning that more of your winnings stay in your wallet.

Not only can you keep more of your winnings by betting with Zensports, but you can place sports bets against fellow sports fans that are just like you through our peer-to-peer marketplace.

Experience online sports betting like never before and download the Zensports app today.

Download the ZenSports apps