Published on: December 30, 2024, 03:47h.
Last updated on: December 30, 2024, 03:47h.
In the post-PASPA era, Nevada has relinquished its position as the top US sports betting market, but it still excels in per-capita sports wagering.
A study by Gamdom Casino revealed that this year, the average Nevada resident will wager $1,815 on sports, nearly triple the national average, surpassing New Jersey ($1,398) and New York ($1,087).
These figures show which states are embracing sports betting the most,” said Felix Romer, founder of Gamdom. “The numbers are quite astounding. The amount of money wagered in the top states is remarkable compared to average American states where sports betting is legalized.
Currently, sports betting is legal in 38 states and Washington, DC, with Missouri set to join next year. Before the 2018 Supreme Court ruling on PASPA, Nevada was the primary US sports betting hub.
Nevada Per-Capita Statistics Stand Out
In terms of sports betting revenue, Nevada ranks fifth behind New York, New Jersey, Illinois, and Pennsylvania. By handle, the state ranks third behind New Jersey and New York.
Nevada’s lead in per-capita sports betting is impressive for several reasons. The state requires in-person visits to casinos to sign up for mobile betting accounts, a policy that experts believe is limiting the state’s potential earnings.
Additionally, due to the requirement that sportsbook operators must be tied to casinos in the state, major companies like FanDuel and DraftKings do not operate in Nevada. If the state relaxes the in-person registration rule and these companies enter the market, sports wagering, handle, and revenue could increase.
Currently, there are no plans among Nevada officials to remove the in-person registration requirement.
Other Top Sports Betting States Per-Capita
After Nevada, New Jersey, and New York, Massachusetts ranks fourth in per-capita sports betting. Arizona, seen as a potential rival to Nevada in revenue terms, ranks fifth. Maryland and Illinois follow, with Colorado, Kansas, and Iowa completing the top ten.
Interestingly, Pennsylvania, a major player in handle and revenue, ranks 19th in per-capita sports wagering, with an average of $484 placed annually.
At the bottom is South Dakota, with an annual per-capita sports betting spend of just $7.63, likely due to restrictions limiting sports betting to tribal casinos and venues in Deadwood.