In the year since the Professional and Amateur Sports Protection Act (PASPA) was overturned by the U.S. Supreme Court, operators have made a lot of money on sports betting. According to the Associated Press, the total value of bets placed is likely nearing $10 billion.
Without May numbers calculated in, their calculation is that Nevada, New Jersey, Delaware, Mississippi, West Virginia, Rhode Island, and Pennsylvania have combined for $8.9 billion in bets. New Mexico also offers sports betting, but under a tribal compact that is not reported on. Counting that state, and likely bets made in May, for sure they’re close to the suggested $10 billion.
New Jersey, which helped force that fateful PASPA decision, is celebrating the year that’s been since sports betting became legal throughout the country. Johnny Avello, head of digital sportsbooks for DraftKings, said:
“Overall the first year in New Jersey has been spectacular, but to be honest, I couldn’t give you enough positive adjectives to serve justice to the question. The future is mind-blowing, and with eight states active and an additional seven authorized to offer sports wagering in 2019, DraftKings is positioned to capitalize on these and subsequent markets.”