Sports betting hits record $11B in 2023 revenue ...Middle East

Feb 20, 2024, 01:53 PM ET As the American sports betting industry continues to expand, it has reached a new high water mark, posting a record $10.92 billion in revenue for 2023, according to the American Gaming Association’s annual report. The huge year for the industry represented a 44.5% year-over-year increase from 2022, which previously held the record. A handle of $119.84 billion (a 27.8% year-over-year increase) combined with an increased year-over-year sportsbook win percentage of 9.1% (up from 8.1% in 2022) contributed to the all-time record. AGA notes that these figures are all without Arizona (November) and Kentucky (November and December) reporting their most recent data. Anothe

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