Legalized sports betting has become a new revenue source for states and professional sports leagues in the USA. Currently, 34 states and Washington D.C. have legalized sports betting in some capacity, with each state having the power to create its own rules. As for the states that have the most money wagered to date, New Jersey leads with $34,809,904,819, followed by Nevada with $30,468,330,042, New York with $19,924,968,057, Pennsylvania with $19,664,446,791, and Illinois with $18,655,587,885. However, in terms of monthly sports betting revenue generated, New York leads with $149,224,901 (November 2022), followed by Illinois, New Jersey, Virginia, and Arizona. The popularity of sports betting in these states has generated a significant amount of new money, and it is hoped that other states will legalize sports gambling soon.