![]() The figure, a 177% increase over 2020's sports betting revenue, represents 8% of the total amount of wagers by sports betters of $57.2 billion, also known as “handle.” ![]() ![]() Last year, according to the American Gaming Association, the overall gaming industry captured $53 billion in revenue from legal gambling operations, while revenue from the budding sports betting sector from companies like Caesars Entertainment ( CZR), FanDuel, DraftKings ( DKNG), and BetMGM ( MGM), totaled $4.29 billion. commercial gaming industry drew record-breaking revenue in 2021, sports betting, the industry’s latest entrant, contributed impressive growth yet drastically lower margins than traditional gaming. ![]()
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