1 Sports Betting Stat May Help MGM, Caesars, DraftKings Investors

Published by
The Street

By Tony Owusu The share of adults who said they bet on sports, regardless of frequency, rose to 25% in December from 20% in January. Legal sports betting had a banner year in 2021 as the more than 30 states where sports gaming is legal saw an 80% increase in U.S. adults ages 21 and older who said they bet on sports at least once a month. The share of U.S. adults who bet on sports at least weekly more than doubled from 5% in January to 12% in December, according to a Morning Consult survey. The share of adults who said they bet on sports at all, regardless of frequency, rose to 25% in December …

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