Americans who made bets with gaming, lotteries and offshore regulated betting firms lost approximately $107 billion in 2017, an increase of 1.5% on the previous year, and that’s expected to increase to $118.5 billion this year, according to H2 Gambling Capital, a data and market intelligence firm based in the U.K. That does not include unlicensed or “black market” activities. Sports betting’s aggregate losses — after wins are taken into account — are estimated to account for just $209 million of that in 2018, but will hit $7.5 billion in 2030, if it becomes legal nationwide.
