H2GC Reports US sports betting: the road to 2030 | Page 6

The market
The market
Starting with the illegal market 2017
Even before the repeal of PASPA, on 14 May,
2018, there was a huge illegal market in the US.
H2 does not track illegal markets as standard
but its deep dive research in 2017 found that
nearly $200bn left the country in sports bets
pre-PASPA.
By comparison, this was:
• 42x the legal US sports betting market in the
same year – $4.6bn handle ($0.2bn GGR)
• 1.4x the total amount wagered on the Las
Vegas strip (all gambling)
• Comparable to total revenues made by Apple
worldwide
$196.2bn
handle
($10.4bn GGR)
Comparable
to Apple’s
global annual
revenue 2017
1.4x total amount
wagered on
Las Vegas Strip
($138.6bn) – all
gambling
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US sports betting: the road to 2030 November 2018