American's Don't Love sport Betting
Sports bettors are some of the biggest fans of the sporting world. But the public isn’t fully sold on legalizing sports betting. Here’s what exclusive Ipsos data find
Sports betting has exploded following the 2018 U.S. Supreme Court decision that created a path for states to legalize betting on sports. Most states have legalized the practice since then, generating hundreds of billions in bets placed.
Revenue-wise, in the U.S. alone, sports betting generated over one billion dollars in 2020. The next year, that nearly quadrupled to $4.33 billion in revenue.
But the fast-moving and lucrative industry is not without its critics. Public health experts are increasingly concerned about gambling addiction, given the quick pace of legalization, the ease of mobile betting, and the staggering amounts of money at play.
With so much uncharted water and a fast-growing, moneymaking venture, insiders in the industry are paying attention. But is the public paying attention? Do they care?
In the wild west of sports gambling, the industry is growing with a very engaged and young group of Americans, new Ipsos polling shows. Non-betting Americans are skeptical of the practice or are just not tuning in at all. Though, many view gambling as an enterprise that should be allowed as a personal choice rather than an activity that should be outlawed because of fears of addiction.
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