• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

3

Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

3

Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Finance

Legalized sports betting in the U.S. doubled in 2021. Here’s why that will continue after ‘the greatest weekend in NFL playoff history.’

By
Andrew Marquardt
Andrew Marquardt
Down Arrow Button Icon
By
Andrew Marquardt
Andrew Marquardt
Down Arrow Button Icon
January 24, 2022, 5:44 PM ET
Add Fortune on Google for similar content.

Americans love pro football, and not so coincidentally, they love that they can (legally) gamble on it now.

The market for legalized sports betting in the U.S. exploded in 2021, doubling in size as Americans wagered more than $52.7 billion throughout the year, according to a report from Morning Consult, a data intelligence company. 

And after a weekend in which a season high of more than 34.5 million total viewers tuned into Sunday night’s instant-classic divisional playoff game between the Chiefs and Bills, the market for sports betting is set to keep growing.

The increase of sports betting in 2021 is due in large part to the launch of legal wagering in 11 new states and more than $1 billion invested in marketing and advertising by some of the country’s largest sportsbooks, like FanDuel and DraftKings.

Legal sports betting is now available in 30 states and Washington, D.C., with more states expected to join in this year. Bettors in Ohio are expected to be able to begin placing bets this year. And efforts to expand legalized sports betting in Florida, Georgia, North Carolina and Massachusetts are “heating up,” according to The Washington Post.

In New York, legal sports betting officially launched on Jan. 8., and the state immediately received millions of dollars in wagered bets. According to the New York State Gaming Commission, the four available operating books in the state took in more than $600 million in  bets in their first two weeks of operation. 

The industry has boomed since the federal ban on sports wagering was rescinded in 2018, especially among younger fans.

Of U.S. adults ages 21 and older, 18% reported betting on sports at least once a month in a December survey conducted by Morning Consult. When the same survey was conducted in January, 2021, only 10% of that age range reported placing a bet at least once a month—an astounding 80% increase over the course of a year.

Experts say increases in sports betting across the country are due in part to the huge increase in digital marketing from the country’s biggest sportsbooks. 

“Given the proliferation of online sports betting and operators’ focus on digital marketing, it should come as no surprise that younger Americans are the most inclined to place wagers on games,” wrote Morning Consult’s Alex Silverman.

Overall, the number of Americans who bet on sports grew by 30% over the 18-month period ending in September 2021–an overall increase of 15.3 million bettors, according to a September study released by the National Council on Problem Gambling. 

That number is expected to continue to rise as the NFL playoffs continue to produce high viewership across the board.

Historically, there is a high correlation between a sporting event’s viewership and the amount of sports bets placed on that event. A 2019 study from market research firm Prodege, found that being able to gamble on sports drove overall interest and increased viewership across all major sports. 

This past weekend—which featured what many are calling “the greatest NFL playoff weekend ever”—represented an impressive surge in viewership and a round of playoffs that again showed why America can’t get enough of watching football. While it’s unclear so far how many bets were placed on this weekend’s games, history suggests that number is high.

And if the viewership of this past weekend of NFL action was any indication, then sports betting is likely to continue to grow in the coming weeks as the NFL season comes to a head, with Super Bowl LVI on February 13.

In other words, the Super Bowl Party in 2022 is probably going to include a whole lot of gambling on the side. Welcome to the new world of watching—and betting on—sports.

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.

About the Author
By Andrew Marquardt
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

l
EnvironmentFrance
The hottest day in French history was so bad the Louvre and Eiffel Tower had to close early
By Samuel Petrequin and The Associated PressJune 25, 2026
2 hours ago
Top CD rates from major banks June 25, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on June 25, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 25, 2026
2 hours ago
Current price of Ethereum for June 25, 2026
Personal FinanceEthereum
Current price of Ethereum for June 25, 2026
By Joseph HostetlerJune 25, 2026
2 hours ago
Current price of Bitcoin for June 25, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for June 25, 2026
By Joseph HostetlerJune 25, 2026
2 hours ago
Current price of gold as of June 25, 2026
Personal Financegold prices
Current price of gold as of June 25, 2026
By Danny BakstJune 25, 2026
2 hours ago
Current price of oil as of June 25, 2026
Personal FinanceOil
Current price of oil as of June 25, 2026
By Joseph HostetlerJune 25, 2026
2 hours ago

Most Popular

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
1 day ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
24 hours ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
8 hours ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
2 days ago
Trump’s international student crackdown kicked off a domino effect that could shave nearly $500 billion off the economy
Economy
Trump’s international student crackdown kicked off a domino effect that could shave nearly $500 billion off the economy
By Tristan BoveJune 24, 2026
21 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.