US Sports Betting 2026

Operators Are Earning More but With Fewer New Bettors

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About This Report
US sports betting is shifting from adding users to maximizing revenues from higher-margin types of bets. Although operators are earning more from each bet, they face the threats of rising scrutiny, higher user acquisition costs, and new competitors.
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We prepared this report with the assistance of generative AI tools and stand behind its accuracy, quality, and originality.

US sports betting is focusing on increasing margins via betting products as the growth of bettors slows. These higher-margin bets are lifting revenues. But the big operators face rising acquisition costs, regulatory scrutiny, and competition from prediction markets.

Key Question: How much will the US sports betting industry grow through 2028?

Key Stat: US sports bettors will spend nearly $200 billion this year, with operators keeping slightly over 10% of this amount.

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EMARKETER Editors

Contributors

Ross Benes
Senior Analyst
Rahul Chadha
Director, Report Editing
Eleni Digalaki
Erika Huber
Director, Report Editing
Madan Kumar
Copy Editor
Natalia Ramirez
Johann Valderrama
Data Visualization Editor
Emman Velasco
Data Visualization Editor
Yoram Wurmser
Principal Analyst
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