US Sports Betting Soars Past  Billon Revenue After Fall Of Federal Ban

Reported US sports betting revenue and taxes since June 2018 both hit new milestones, heavily assisted by New York‘s mobile launch in January.

It took 49 months for sports betting revenue to hit $10.004 billion, with reports from Michigan (here) and Pennsylvania (here) pushing the US across the milestone Tuesday.

The tally includes all publicly reported sports betting numbers from the first full month after the end of PASPA in May 2018.

A look at US sports betting totals

The more than $10 billion in sports betting revenue comes from $141.032 billion in reported handle. That is good for a 7.1% hold.

  
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