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So how do Americans feel about the fact that sports betting is now legal in much of the U.S.? Regardless of how much they have heard or read about it, a majority of adults (57%) say it is neither a good nor bad thing for society, while about a third (34%) say it is a bad thing. Only 8% say it is a good thing for society.
Sports Betting Revenue: Revenue for sports betting has been climbing. For the first half of 2022 revenue totaled just over $3 billion compared to $4.3 billion for all of last year. Morgan Stanley forecasts revenue to reach $7 billion by 2025. Also, in 2021 Americans bet $57.2 billion on sporting events, a year-over-year increase of 165%.
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Right Angle Sports (RAS) is one of the most influential betting syndicates in the American market. It comprises 10 handicappers located in different areas of the country. As part of their handicapping routine, they closely monitor social media for news, and when RAS bets, lines move instantly and often dramatically at sportsbooks around the world. Some of those line-moving bets can be sparked in part by, of all things, an emoji posted by a player on Twitter.
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For years, bettors and bookmakers have relentlessly lobbed pot shots at each other, while anxiously awaiting the next tweet from a small-college beat writer or for a WNBA player to post a telling emoji. Meanwhile, con artists, promising inside information and guaranteed locks, lurk behind random anonymous accounts, ready to take advantage of the gullible, and trolls stand poised to attack anyone who doesn't meet their standards.