¡°It¡¯s not about winning or losing a million dollars,¡± says Mark Beal, an assistant professor at the Rutgers School of Communication and Information and author of Gen Z Graduates to Adulthood. ¡°Even if they¡¯re betting one, two or three dollars, they¡¯re involved in watching the entire game. This is engagement in sports in 2022 and beyond. Sports betting is allowing that to happen.¡±
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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.
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