Fall's sports overload is gambling's golden season
Summary
The sports equinox, a day when games from the four major sports leagues (NFL, NBA, MLB, and NHL) occur, leads to a busy time for sports betting. In November 2024, US bettors placed a record $16.25 billion in bets, generating $1.73 billion in revenue for casinos. Sports betting is expected to grow even more in November 2025.Key Facts
- The sports equinox involves games from the NFL, NBA, MLB, and NHL on the same day.
- November 2024 saw a record sports betting handle of $16.25 billion in the U.S.
- Casinos earned $1.73 billion in revenue from sports betting in November 2024.
- The sports equinox typically leads to increased activity for sports fans and bettors.
- BetMGM reported a 50.2% increase in betting tickets during the 2024 sports equinox compared to 2023.
- The NFL received the highest percentage of bets during this period at 38.1%.
- Legal Sports Report anticipates $17.5 billion in betting handle this November.
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