In the three years since the watershed Supreme Court ruling, sportsbooks across the country have already pulled in over $4.8 billion in revenue alone, while state and local governments have generated over $650 million in tax revenue, according to Legal Sports Report. It is easy to see why– a 2017 study from the American Gaming Association pegged the expected economic output of a mass sports betting legalization movement at $41.2 billion. The mass legalization and mainstreaming of sports gambling is already having a major effect on sports business as a whole, with everyone from state governments to major pro sports leagues and franchises to media companies to Native American-owned casinos across the country looking to get in on the action. NCAA overturned a 1992 law that outlawed the practice nationwide outside of Nevada. It marks the latest milestone in a nationwide rush to legalize sports betting that was unthinkable until a May 2018 U.S.
At least 16 sportsbooks are now open in the state, offering residents the opportunity to place bets either at physical locations or online.
9, the first day of the 2021 NFL season, Arizona became the 23rd state in the U.S.
