The explosion in popularity of sports betting on Twitter coincides with the widespread expansion of legal sportsbooks in the United States. In 2018, the U.S. Supreme Court ruled that all states could choose to authorize sports betting. Since the decision, 31 states, the District of Columbia and Puerto Rico have launched legal betting markets. More than $147 billion has been bet with legal sportsbooks in the U.S. over the last four years, generating nearly $10.6 billion in taxable revenue, according to the American Gaming Association.
Zoom out: More than 30 states and Washington, D.C., have legalized sports betting since the Supreme Court overturned the law restricting it in 2018.
¡°Psychologically, it¡¯s a little different,¡± Fong said. ¡°You¡¯re not necessarily betting to make money; you¡¯re betting to make yourself look smarter.¡±
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