Ever since the Professional and Amateur Sports Protection Act of 1992 (also known as PASPA) was overturned in May 2018, 30 states and Washington D.C. have seen legal sports betting arrive. But how much has participation ballooned within sports wagering, along with fantasy sports, in 2022?
Sports Betting Promos In Your State
Groundbreaking Sports Betting, Fantasy Sports Involvement
According to a study completed by the Fantasy Sports & Gaming Association, almost a quarter of U.S. adults (18+ or older) participate in sports betting. That’s the equivalent of 60.2 million people — an increase of 9.2 million from 2021.
On top of that, 50.4 million Americans play fantasy sports, which is a spike of 6.0 million in user engagement from last year. Considering the plunge that ensued within the fantasy space because of the COVID-19 pandemic, this figure is notable.
The two haven’t overlapped in a way that’s harmed fantasy sports, either. Per the FSGA, 98.0% of sports bettors, who took part in the fantasy realm before expanding into sports betting, are still active with fantasy sports.
How Will Sports Betting Continue To Boom?
Live sports betting has become more commonplace, as mobile betting represents the primary route for gamblers. Whether they’re via notifications or just the variety of markets available, sportsbooks are constantly pushing the notion to bet more.
Nevertheless, only 31.0% of this year’s overall sportsbook handle stems from live betting. Expect additional reinforcements on the way (hint, hint: additional advertising) in order to jerk that number upward.
Ways To Receive Help If You Have A Gambling Problem
Although bettors could always utilize statewide resources to seek assistance with problem gambling, the National Counsel On Problem Gambling (NCPG) has made the process easier.
The 1-800-GAMBLER hotline is now available across all states outside of New Jersey after the NCPG agreed to a six-year deal with Council on Compulsive Gambling of New Jersey, Inc. (CCGNJ). For more information, click here.
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