Size of online sports betting industry

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New York, meanwhile, has become the country’s largest sports betting market.

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The Silver State has also been on a remarkable winning streak as gamblers have spent more than $1 billion a month for 21 consecutive months. Through the first 11 months of 2022, casinos in Nevada generated $13.5 billion in gaming revenue, up 10.2% over 2021, according to the Nevada Gaming Control Board.

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In Nevada, the country’s epicenter of gambling, the state’s casinos already broke last year’s historic revenue record of $13.4 billion by November.

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