By SectorWire desk ·
US commercial sports betting generated $16.96bn in revenue during 2025 on handle of $166.94bn, citing American Gaming Association data. The outlet also cited Pew Research Center findings that 10% of US adults had bet on sports online during the preceding 12 months, compared with 6% in 2022.
US adult participation in online sports betting reached 10%, compared with 6% in 2022.
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The case could determine whether prediction markets must meet state gambling requirements when competing with licensed sportsbooks.
Tribal leaders and the AGA are coordinating against prediction markets as a California coalition prepares for possible sports betting changes.
Prediction markets face increased casino industry criticism alongside mounting scrutiny from courts, Congress and regulators.
The analysis highlights household financial pressures and children’s gambling exposure, citing increased credit delinquencies among people who began sports betting.
The AGA’s outlook identifies prediction markets as competition for state-regulated sportsbooks and raises concerns about their taxation and oversight.
BetMGM and MGM Resorts’ funding supports gambling research, state councils, the 1-800-GAMBLER helpline and the Evive Foundation.