1-in-5 U.S. adults bet money on sports in 2022

ATLANTIC CITY, New Jersey—Nearly one in five US adults bet money on sports over the past year, according to a survey released Wednesday.

The report from the Pew Research Center shows that 19 percent of adults surveyed said they had wagered on sports.

The most common way they did so was by placing bets with friends or family, such as a private betting pool, fantasy league or a casual bet; 15 percent of respondents said they bet in this manner.

Only 8 percent said they had made sports bets in person at a casino, racetrack or kiosk, and 6 percent reported having done so online. The survey did not ask if the online sites were regulated by a government agency, or were unregulated offshore sites.

The survey’s results indicate that the nascent US legal sports betting industry, while growing rapidly, has plenty of room for expansion; more than 80 percent of all legal sports bets in the US are made online.

As of last Thursday’s kickoff to the National Football League season, 31 states plus Washington DC offered legal sports betting, and several others will do so soon.

A record 46.6 million Americans say they plan to bet on the current NFL season, up 3 percent from last year, according to the American Gaming Association, the gambling industry’s national trade group.

The center surveyed 6,034 adults from July 5 to 17. Its margin of error is plus or minus 2 percentage points.

More male respondents than female—24 percent versus 15 percent—said they had bet on sports in some form in the past year. And of respondents under 50 years of age, 22 percent had bet on sports compared to 17 percent over 50.

The Pew Center said 27 percent of Black respondents and 24 percent of the Hispanic respondents reported having bet on sports, while 18 percent of white adults and 10 percent of Asian-Americans said they had.

It found no significant differences in sports betting by educational attainment or household income level: 18 percent of college graduates said they bet on sports in the past year, and 20 percent of those without a college degree said they had done so.

Meanwhile, 22 percent of adults in the upper-income wage bracket, 19 percent of middle-income and 19 percent of lower-income households reported making sports bets in the past year.

The survey also found no significant difference by party affiliation: 21 percent of Democrats and Democratic-leaning independents said they have bet on sports in some way in the last 12 months, as have 19 percent of Republicans and Republican-leaning independents.

In terms of whether sports betting is good or bad for society, 57 percent said it is neither. Just over a third—34 percent—said it is bad, and 8 percent said it is good.

Asked whether betting on sports is good for sports itself, 49 percent were neutral, 33 percent saw it as bad and 16 percent said it is good.

As of May, the fourth anniversary of a US Supreme Court decision clearing the way for all 50 US states to offer legal sports betting should they choose to do so, Americans had wagered over $125 billion on sports. AP

Image credits: AP