US sports betting revenue reached $2.3 billion in the second quarter of the year, setting a new quarterly record despite a slowdown in wagering compared with earlier this year.
Revenue generated from online and land-based sportsbooks rose 56.6% year-over-year between April and June, according to a report from the American Gaming Association released Wednesday. The boost was attributed in part to the launch of sports betting in additional states, including Massachusetts, Kansas, and Ohio. Maryland also launched online sports betting last November after months of delays.
The continued growth of the US gambling industry overall also drove up state ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.