BY THE NUMBERS
ARe YoU ReAdY FoR Some FooTBAll ?
In U . S . sports betting , it ’ s clear that football is king . More bettors wager on football , both college and the NFL , than all the other sports . B2B supplier Kambi has continued a tradition of publishing an annual recap of the previous season and trends for the upcoming season in the NFL Report 2021-22 . Kambi compiled data from the 17 states where its clients are located , and it shows some interesting trends . In the chart at right , Kambi looks back on the 2021 season and shows the highlights of the biggest betting events throughout the year . Later in the report , Kambi shows that home teams aren ’ t necessarily the favorite betting team , how to use parlays is a hot trend , a recap of the college football betting trends , and much more . To obtain a copy of the report , visit Kambi . com .
State Tax Revenue : iGaming vs Sports Betting ( US $ m ) - 2021
iGaming ( six states ) Sports Betting ( 30 states )
Source : State gaming commissions
iGaming Tax Revenue Forecasts : Current vs Potential States ( US $ m )
Source : VIXIO Gambling Compliance estimates
560 970
Current iGaming States Potential iGaming States
1,361
4,986
Bye-Bye Billions
The pace of the legalization of iGaming has dramatically lagged behind that of sports betting . For those states that have legalized sports betting but not iGaming , they are missing out on billions of dollars of taxes , according to a new study released by Light & Wonder and compiled by VIXIO GamblingCompliance . The study , the U . S . iGaming State Tax Revenue Potential report , was released in August and highlighted the advantages of offering iGaming and the perils of not legalizing it . States are leaving billions of dollars in tax revenue on the table which could fund a variety of public programs and services without resorting to broad-based taxes . In states where iGaming is currently not legal , residents are turning to illegal offshore gambling sites which provide little customer support and pay no taxes . While 35 states , Puerto Rico and the District of Columbia have legalized sports betting , only six — Connecticut , Delaware , Michigan , New Jersey , Pennsylvania and West Virginia — have also legalized iGaming . In the 30 states that have active sports betting at this time , bettors wagered $ 4.29 billion , which produced only $ 560 million in taxes , according to the American Gaming Association . In the six states that offer iGaming , the online casinos generated $ 3.71 billion in total revenue and $ 970 million in gaming taxes in 2021 . The charts at left show how much more tax revenue was derived from iGaming versus sports betting in those six states ( top ), with the other chart estimating how much tax revenue goes uncollected while states ignore legal iGaming .
6 Global Gaming Business SEPTEMBER 2022