BIG NUMBER
Less than $100. That’s how much a majority of sports bettors (55%) say they bet on sports in the 12 months prior to being surveyed. A sizable minority (11%) said they have bet more than $1,000 in the past year.
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SURPRISING FACT
The most common type of sports bet is a single-game bet on the outcome of a game or match—71% of sports bettors say they’ve placed one in the last year. Other popular types of bets include parlays, prop bets, live bets and futures bets.
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Sports betting has expanded rapidly since the Supreme Court cleared the way for state-level legalization in 2018, and Americans spent $167 billion on bets last year compared to $57 billion in 2021. Policymakers are now considering tightening restrictions on gambling at both the state and federal levels. Sens. Adam Schiff (D-Cali) and John Curtis (R-Utah) introduced bipartisan legislation in March that would ban prediction markets from processing sports-related wagers (because prediction markets like Polymarket and Kalshi don’t currently have to adhere to state and tribal consumer protections around sports betting), and states including Illinois, Massachusetts and Minnesota have moved to regulate or have already passed bills covering sports betting on prediction markets. Several states are also considering tightening traditional sports betting rules: Kentucky has passed a law raising the minimum betting age from 18 to 21, New Jersey has weighed eliminating in-game and micro wagers and Ohio has considered a $100 bet cap alongside a ban on mobile sports betting apps.
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