Morgan Stanley estimates that $7 billion will be spent on legal gambling in the U.S. within five years. That’s up dramatically from $833 million this year.
A year and a half ago, the U.S. Supreme Court decided that states could legalize sports betting. So far, 14 states have done just that and more are expected to follow.
While $7 billion in legal sports betting is a big number, sports betting is dwarfed by the $42 billion spent gambling in casinos during 2018.
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author. Scott Rasmussen’s Number of the Day is published by Ballotpedia weekdays at 9:00 a.m. Eastern. Columns published on Ballotpedia reflect the views of the author.
Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.
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