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Sports gambling (view source)

Revision as of 21:25, May 25, 2025

817 bytes added , 21:25, May 25, 2025

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'''Sports gambling''' is a form of [[gambling]] whereupon a person bets on certain outcomes of a sporting event (the most common are the winner, and whether the winning team will cover the "spread", or the number of points by which the favored team is expected to win).

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"Americans now wager roughly $150 billion a year on sports, and 48% of American men under 50 have an account on a digital sportsbook at sites like DraftKings, FanDuel, ESPNBet, and BetMGM, according to a Siena College survey."<ref name="B">Nick Devor," America's Sports Betting Boom Is About to Backfire --- For every dollar in gambling tax revenue, U.S. states spend under a penny on problem gambling. The gaming industry spends even less. Millions of gamblers are at their mercy," Barron's

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(May 26, 2025).</ref> In addition:

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{{cquote|[Sports gambling company] DraftKings [will] generate $6.3 billion in revenue [in 2025], up from $432 million in 2019. ... Rival FanDuel, owned by U.K.-based Flutter Entertainment, is forecast to have sales of $16.9 billion this year, up from 2019's $2.8 billion.<ref name="B"/>}}

It is estimated that half of the sports gambling in the [[U.S.]] is on [[NFL]] games, and the [[Super Bowl]] is the single most gambled event annually.

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Sports gambling (view source)

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