Zona de Azar USA – Five Years Post-PASPA: AGA Report Reveals Consumer Trends in Sports Betting
USA.- May 10th 2023 www.zonadeazar.com Yesterday, the American Gaming Association (AGA) published a report revealing a significant increase in Americans’ support for legal sports betting since the end of the federal ban on sports betting in May 2018:
– 85 percent of American adults support the Supreme Court’s decision to strike down the Professional and Amateur Sports Protection Act (PASPA), compared to 63 percent in 2019.
– 77 percent of American adults are in favor of legalization in their state of residence.
– 78 percent of bettors place all or most bets through regulated operators.
– 77 percent of online sports bets are now placed through regulated operators, compared to just 44 percent in 2019.
In addition, the report highlights that Americans have legally wagered $220 billion nationwide since May 2018, generating $3 billion in state and local taxes. The legal market’s expansion has also eroded the illegal U.S. sports betting market by 60 percent from pre-PASPA estimates.
The report also shows that the legal market is increasingly attracting and retaining customers from illegal bookies and offshore operators. Nearly half (46%) of bettors that currently bet primarily with unregulated operators plan to transition to regulated operators within the next 12 months. Consumer awareness has also improved, with only 29 percent of American adults unsure of the legality of online sportsbooks in their state.
However, there is still a continued need for consumer education, as 70 percent of sports bettors who placed most of their bets with illegal operators believed they were betting either exclusively with legal sportsbooks or splitting their bets evenly between legal and illegal operators.
What the AGA is saying:
Edited by: @MaiaDigital www.zonadeazar.com
