State regulators and the American Gaming Association claim that as of March 2023, the U.S. gaming industry has grown for a remarkable 24 straight months, hitting a record-breaking $16.60 billion in total gaming revenue, driven primarily by sports betting (70.1% annual growth).
Florida sports betting may return before the start of the upcoming football season, according to recent sports betting news out of the Sunshine State. Before the DC Court of Appeals overruled the District Court’s ruling to prohibit Florida sports betting on June 30, 2023, sports betting in Florida had been suspended and left in limbo for almost two years. Although a petition for a rehearing was submitted on August 14, there is still a potential that Florida sportsbooks reopen before the start of the 2023 NFL football season on September 7.
Sports enthusiasts in Florida, the third-most populous state in America, will be anxiously awaiting word on their gambling destinies. To ensure that you are informed when or if mobile sports betting returns to the Sunshine State, the experts at SportsLine put developed a dictionary of sports betting words.
Summary
The State of Florida with its 20+ million residents are chomping at the bit for a good place to throw down their action. Its only a matter of time before the details get sorted out and residents can place safe and secure wagers with a trusted sportsbook. Besides, the state will fest on that revenue like their is no tomorrow. The state of Florida is one of the more successful states in the Union as far as spending and budgeting is concerned and sports betting revenue will only make it that much stronger.
