Sports betting is exploding in the US September 12, 2023 7:44 pm by Alex by TonyLiberty The number of states with legal sports betting has doubled in the past 2 years, and the amount of money being bet has skyrocketed. In the past 5 years, US states have generated over $3.5 Billion in tax revenue from legalized sports betting. House always wins. See also Why are there 30,000 options contracts betting that gold will reach $20,000 by this December?