How Much Money Do Americans Spend on Sports Betting?

Miami Heat v Philadelphia 76ers
What's being wagered now on sports is merely the tip of the iceberg in America!

Sports betting is the latest American craze. It's a concept not many people may have been aware of five years ago, but if you live in a state where it is legal, you certainly know about it.

Sportsbooks are spending an obscene amount of money on marketing, which is undoubtedly justified considering the amount of money they are bringing in.

Since sports betting became legalized in the United States in 2018, 176 trillion dollars have been wagered, and sportsbooks have reported revenue of 13 trillion dollars, with 2.1 trillion dollars going to taxes.

Those numbers will only continue to increase as sports betting becomes legal in more and more states.


How to Join in on the Action?

With the promotion DraftKings is offering, it's the perfect time for bettors to jump in on the action, as we are already a third of the way through the NBA season. The year is flying by, but there is still plenty of money to be made.

Now is the perfect time for those sitting on the sidelines to jump in, as DK has an incredible offer.

How Do You Get $150 From DraftKings?

Bettors can easily take advantage of this promotion. New users just need to do the following:

Click on any of the DraftKings links on this page.

Create a DK account and complete the required identification verification procedures.

Make a deposit.

This promotion doesn't require a coupon code. It is available to new clients who make a $5 minimum deposit.

Following the initial deposit, bettors just need to place a bet of $5 or more on any moneyline -- a team to win outright, and if the bet wins, new users will receive an extra $150 in free bets.

This promocode is valid in AZ, CT, CO, NH, IL, IN, IA, LA, MI, NJ, NY, PA, TN, VA, WV, and WY in the United States.

Do you need a promo code for this offer?

No, as stated, just click on one of the links on this page to take advantage of this awesome offer.

What Bets Can I Place at DraftKings Sportsbook to Qualify for This Promotional Offer?

While there is no specific sport that bettors need to wager on to take advantage of this offer, there are several great bets available for bettors to take advantage of this opportunity once you click on any of the links on this page.

As the line does not matter, bettors can simply take a heavy favorite, for example, Boston (-450). On that line, a bettor would have to wager $450 to win $100.

Luckily though, with this DraftKings promotion, new bettors can wager $5 and be paid out $150!

Quick Links

Edited by Mudeet Arora
Sportskeeda logo
Close menu
WWE
WWE
NBA
NBA
NFL
NFL
MMA
MMA
Tennis
Tennis
NHL
NHL
Golf
Golf
MLB
MLB
Soccer
Soccer
F1
F1
WNBA
WNBA
More
More
bell-icon Manage notifications