US Sports Betting Revenue

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Welcome to the Gaming Today sports betting revenue tracker. We keep an eye on estimated betting handle and revenue for sports gaming operators in the top United States locations. As more states legalize sports betting, we naturally expect 2022 to be the most active year for the activity by a considerable margin.

With New York legalizing online sports betting at the beginning of 2022, we’ve seen the Empire State dominate amongst other locations. They are the largest market in mobile sports betting in terms of handle and revenue. In the first month of the year, they nearly hit $1.7 billion in betting handle alone. Previously, New Jersey was the largest market in the United States.

The Gaming Today revenue tracker will be updated frequently to provide a consistent look at the betting market. Arizona is one of the top markets in the nation, but data comes out later than most dates. Most recent Arizona data can be found below. Some amounts may be different from the state reports since the time we have pulled the numbers.

Note: Illinois and Virginia do not have data yet available for March 2022

Total And Mobile Betting Handle – March 2022

For the most part, mobile sports betting dominates compared to its retail counterpart. People tend to gravitate toward the easier activity of pulling up sportsbook apps on their phones or betting from a computer. In most markets, at least 90% of sports betting is done online.

As you’d expect, Nevada is lower than this as the established sports betting capital of the United States. However, online wagers have continued to move upward since its legalization. Between 65% to 70% of wagers taken in the Silver State were online.

New York has supplanted New Jersey as the long-running champion in this category. The Empire State is the lone state that continues to surpass $1.5 billion in betting handle in each month. NJ, Nevada, and Pennsylvania continue to be the next-highest states.

Illinois had a tremendous start to the year betting-wise. The Prairie State has over $1.5 billion in wagers over the first two months. Its data for March has yet to be released.

Mobile Sports Betting Revenue – March 2022

New York: Top State with $114,282,056

New York was able to bring in so much revenue compared to other states, we had to take them off the charts. The Empire State is a complete outlier, and likely will be for the foreseeable future. New Jersey is the next-best state for the month of March with nearly $61.1 million in online revenue.

As we’ve seen in the past, New Jersey typically does well in this category. Indiana, Louisiana, Pennsylvania, and Tennessee are all above $20 million for the month. Both Indiana and Louisiana are next in line after the Garden State with over $28 million. We’ll see where Illinois and Virginia end up when their figures are released for March.

Mobile Sports Betting State Tax Revenue* – March 2022

New York: Top State with $58,283,849

*Based on available information. Some states don’t report taxable mobile sports betting revenue.

Again, New York is out of the charts as a complete outlier in tax revenue. This will always be the case because of their massive 51% state tax on gross gaming revenue. That’s an incredible amount of money the Empire State will be making on sports betting.

New York anticipates making nearly $250 million in state tax revenue on sports betting alone. They are already well over halfway to that mark inside of the first quarter of 2022. After basketball, New York has a major market for MLB action throughout the summer, and there’s the upcoming football season.

Pennsylvania typically was at the top of this list due to their high tax rate as well at 36%. That is no longer the highest tax amount on mobile sports betting with the recent New York legalization. In March, Pennsylvania still sits high with over $8.6 million. New Jersey comes close to that at just under the $8 million threshold.

Arizona Sports Betting Revenue

Latest Monthly Revenue Update: January 2022
Total Betting HandleMobile Betting Handle% Mobile Betting
$563,694,591$558,694,85299.11%
Total Betting RevenueMobile Betting Revenue% Mobile Revenue
$19,622,351$19,159,16997.64%
Mobile State Tax Revenue
$1,915,917

Previous Year Data:

About the Author

Brian Spaen

Writer and Contributor
Brian Spaen is an editor and contributor for Gaming Today. He has been a content writer and editor in various industries, including sports betting, environmental technology, and higher education. Brian is a graduate of Iowa State University and currently resides in Des Moines, Iowa. He’s an NFL and MLB fan.

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