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What the numbers say October 2023.

Sports Betting in the US: A Look at the October 2023 Numbers Sports betting continues to grow in popularity in the United States, with more and more people placing bets on their favorite teams and players. In October 2023, Americans wagered a staggering $7.4 billion on sports, generating over $590 million in revenue for sportsbooks. This represents a significant increase from the same month in 2022, when Americans wagered $6.2 billion on sports and generated $480 million in revenue.

Top 10 States for Sports Betting

Here are the top 10 states for sports betting in terms of total amount wagered in October 2023:

  1. New York: $815.4 million

  2. New Jersey: $782.3 million

  3. Pennsylvania: $631.8 million

  4. Illinois: $542.2 million

  5. Indiana: $411.1 million

  6. Nevada: $392.3 million

  7. Colorado: $381.7 million

  8. Iowa: $254.6 million

  9. Michigan: $242.1 million

  10. Virginia: $193.8 million

Sports Betting Profits These states also generated significant profits from sports betting in October 2023. Here are the top 10 states for sports betting profits in October 2023:

  1. New York: $71.2 million

  2. New Jersey: $53.3 million

  3. Pennsylvania: $44.2 million

  4. Illinois: $37.5 million

  5. Indiana: $32.8 million

  6. Colorado: $30.2 million

  7. Nevada: $28.2 million

  8. Iowa: $16.7 million

  9. Michigan: $16.1 million

  10. Virginia: $12.7 million

Economic Impact Sports betting is having a positive economic impact on the states where it is legal. It is creating jobs, generating tax revenue, and boosting tourism. In New York, for example, sports betting is estimated to have created over 15,000 jobs and generated over $600 million in tax revenue in 2023.

Conclusion Sports betting is a thriving industry in the United States. As more and more states legalize sports betting, we can expect to see the amount of money wagered on sports continue to increase.

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