November 12, 2019: Morgan Stanley estimates that $7 billion will be spent on legal gambling in the U.S. within five years.^[1] That’s up dramatically from $833 million this year.

A year and a half ago, the U.S. Supreme Court decided that states could legalize sports betting. So far, 14 states have done just that and more are expected to follow.

While $7 billion in legal sports betting is a big number, sports betting is dwarfed by the $42 billion spent gambling in casinos during 2018.

Click here to view the Number of the Day online→

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

Was this email forwarded to you? Click here to subscribe to Scott Rasmussen’s Number of the Day.