"Record-Breaking $66.5 Billion Revenue for US Sports Betting and Casinos in 2023"

The American sports betting industry achieved a record $10.92 billion in revenue for 2023, marking a 44.5% year-over-year increase, with a handle of $119.84 billion and an increased sportsbook win percentage. Five new legal betting states contributed to this growth, with Ohio emerging as a top earner. The industry also set a quarterly record in the fourth quarter of 2023 and is projected to achieve another record in Q1 2024. However, the industry faces challenges as fewer states remain to legalize sports betting. Overall, the American gambling industry, including land-based and internet gambling, posted a record $65.52 billion in revenue for 2023, with land-based gambling accounting for 75.3% of the total revenue.