2023 NFL Season Has Fans — And Sports Betting Stocks — In A Frenzy

‍Now that the 2023 NFL season is underway, fans of the game are not the only ones in a frenzy. The sports betting industry has seen substantial growth over recent years as billions of dollars are wagered on sporting events.

Largely due to more permissive laws in an increasing number of U.S. states, combined online and land-based sports betting revenue totaled a whopping $2.3 billion in Q2 2023 revenue, according to the American Gaming Association. That figure represents a 56.6% year-over-year increase, setting an industry record for any second quarter.