US Sports Betting Revenue Declines Sharply in August

U.S. commercial sports betting revenue fell 15.6% year-over-year to $1.00 billion in August, according to the American Gaming Association’s latest Commercial Gaming Revenue Tracker. The trade group attributed the decline in part to competition from prediction market platforms and a later start to the college football season. The drop was significant enough to pull total commercial gaming revenue down 0.6% for the month, even as traditional casino gaming continued to grow. Sports Betting Contracted on Multiple Fronts The August figures reflect weakness in both customer activity and operator performance.