The Money Behind the Online Betting Boom
Source-Unsplash The last couple of years have seen a significant rise in the number of online sports betting sites in the United States, creating an exciting and lucrative landscape for both punters and operators. For years, Las Vegas was one of the very few places where fans could bet on their favorite teams. However, as has been the case in the rest of the world, the Land of the Free has been legalizing the online space more and more in recent times, and plenty of companies have been taking full advantage. State-by-State Revenue Generation of online sports betting Each state’s revenue varies depending on the local laws and the extent of market penetration by different operators. For instance, Connecticut saw the launch of online sports betting in October 2021 – the likes of FanDuel set up shop almost immediately and have been operating there ever since. The legalization of sports betting has undoubtedly contributed significant funds to the state’s coffers but specific fi...