During a month usually known for a lull in the sports calendar, American sportsbooks still managed to rake in the cash.
Per the American Gaming Association, sportsbook operators generated $471.4 million in revenue for the month of August — a 116.2% increase year-over-year.
The industry saw organic growth YoY in all but two markets that were operational in August of 2021 (Delaware, -34.5% and Montana, -7.2%).
It’s another successful month for the books, which have had a very lucrative first eight months of 2022.
- Commercial sports betting revenue has reached $3.97B — up 69.6% at the same point last year.
- The year-to-date handle stands at $55.76B — up 86.0% from 2021.
Of course, a big reason for the sustained growth is the existence of six new legal betting jurisdictions from August 2021 to August 2022 — including big hitters like Connecticut, New York, and Louisiana.
Overall, the commercial gaming sector is becoming more and more massive by the month: August marked the 18th consecutive month with positive year-over-year gaming revenue growth.
Read the original article on FrontOfficeSports.com.
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