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Anyone who is a passionate wagerer knows simply how huge sports betting is in the United States. There is so much money in the American sports betting market, and many are wondering why. However, nobody ever gets a strong answer through a fast web search.
For the most part, the monies that enter into betting rarely get tabulated. This is since a huge bulk of wagering is typically dealt with by legal overseas sportsbooks and on the black market. Neither of these entities is obliged to offer details to the public.
Sports Betting Industry in the USA
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Close to 60% of Americans identify as sports betting fans, however this does not mean all of them are bettors. To discover just how much Americans spend on sports betting, we first need to find out what portion of the population recognizes as wagerers.
Every year, the NGCB (Nevada Gaming Control Board) presents a report on how much revenue in the US is attributed to sportsbooks. By dividing this amount by the variety of gambling establishments in Nevada, we need to arrive at a number that represents how much each bettor invests per year. Even though this is an inexact method
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