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Sports Betting Revenue: Revenue for sports betting has been climbing. For the first half of 2022 revenue totaled just over $3 billion compared to $4.3 billion for all of last year. Morgan Stanley forecasts revenue to reach $7 billion by 2025. Also, in 2021 Americans bet $57.2 billion on sporting events, a year-over-year increase of 165%.

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Gambling, of course, isn¡¯t all long-shot payoffs and celebratory rail liquor. Before the legalization of sports betting, the helpline overseen by the Council on Compulsive Gambling of Pennsylvania would receive between 1,000 and 1,100 calls a year, according to executive director Josh Ercole. In 2021, the number climbed to 2,100 calls, and they¡¯re on track to surpass that in 2022. Traffic is up on the text lines, too.
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