Sports Betting Transactions Are Up by 122%

Sports Betting Transactions Are Up by 122%

The U.S. is one of the newest sports betting markets that presents many new opportunities for gambling operators. Ever since the legalization of sports wagering in the U.S., 18 states enjoy sports betting with more on the way. As betting on sports become more main stream, it is no surprise that Sports Betting Transactions Are Up by 122%.

It has been 2 years since the federal government made sports gambling legal within the country. Since then, the U.S. sports betting industry has seen many changes. From more sports leagues adopting sportsbook sponsorships to online sports betting things are moving fast. Overall, with an increase in sports gambling marketing in shows and advertisement, the U.S. gambling industry is on the rise.

Sports Betting Transactions Are Up by 122%

Sports Betting Transactions Are Up by 122%For North American gamblers, September is the start of the football betting season. This is because that is when the NFL season begins and sportsbooks are busy taking NFL and NCAA football bets. Needless to say, the busy season for bookmakers in the U.S. starts in September and ends in April.

According to GEOComply, a cybersecurity company, the first 4 weeks of the NFL season are showing record breaking numbers.  On a year-to-year basis, they said transactions are up by 122% for the first 4 weeks of the NFL Season. During the same period of time last year, they saw 149 million betting transaction. However, this year, they went up to a whopping 330 million transactions!

According to their gambling data, the states with the highest volume of transactions during that time frame is New Jersey. This is because they went from $49.2 million in 2020 to 70.5 million in 2021 which is a 21.4% increase. However, they are not the only state that have shown improvements in the 2 digits. The Data from existing sportsbook solutions shows Pennsylvania went up by 19.6%, Michigan by 13.4% and Arizona by 11.2%.

According to Bookie Blogs, the biggest winners are of course the sportsbooks and the state with legal sports betting. As the popularity of sports gambling increase, more players will switch from offshore sportsbooks to legal sportsbooks.

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