“New AGA report reveals key insights on sports betting”

The American Gaming Association (AGA) has released new research that shows a significant increase in American support for legal sports betting since the repeal of the federal ban on sports wagering in 2018. Some key findings include:

– 85% of American adults agree with the Supreme Court’s decision to strike down the Professional and Amateur Sports Protection Act (PASPA), compared to 63% in 2019.
– 77% of American adults support legalization in their state of residence.
– 39.2 million American adults have placed a traditional sports wager in the last 12 months.
– 78% of bettors place all or most bets through regulated operators.
– 77% of online sports bets are now placed through regulated operators, compared to just 44% in 2019.

AGA President and CEO, Bill Miller, stated that, “The rapid spread of legal sports betting – fueled by regulated, responsible entities – has contributed to communities and established consumer protections by migrating betting away from the illegal market monopoly that PASPA perpetuated.” Since May 2018, Americans have legally wagered $220 billion nationwide, generating $3 billion in state and local taxes for education, healthcare, infrastructure, responsible gaming, and problem gambling resource funding.

As the legal market grows, it is increasingly attracting and retaining customers from illegal bookies and offshore operators. Nearly half (46%) of bettors that currently bet primarily with unregulated operators plan to transition to regulated operators within the next 12 months. Nine in 10 (90%) bettors who place most of their bets legally intend to stay within the legal market in the next year.

Consumer confusion is in part attributable to illegal offshore sites misrepresenting their legal status by marketing themselves as regulated sites. Among online sports bettors, they believe a site is legal based on a statement on the website (38%), odds being mentioned by the media (36%), and search results (32%).

Miller stated that, “Five years post-PASPA, the AGA and our members continue to support responsibly expanding the legal market while cracking down on predatory illegal operators…the regulated industry and our partners across the entire ecosystem – policymakers, law enforcement, regulators, leagues, media, technology providers, and more – have made significant strides in our collaborative consumer education efforts since 2018, and we will continue to find new ways to enhance consumer protections as the market matures.”