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As of October 2023, 37 states and Washington DC have embraced legal sports betting in various formats. Once regarded with doubt, sports betting has firmly established itself as a pivotal player in the economic arena of regions where it is legalized. In its sixth year of regulated operations outside of Nevada, the US sports betting business is experiencing a meteoric rise. The economic impact is undeniable, with operators producing over $21 billion in income from an astounding $250 billion in total wagers. Leading the pack in income generation are states like New York and Nevada. But while the sports betting marketplace is currently crowded, other significant corporations currently involved in sports are trying to get a piece of it as nicely. In August, Disney's ESPN launched a sportsbook referred to as ESPN Bet in partnership with Penn Entertainment. Fanatics, the Michael Rubin-founded sports merchandise enterprise, acquired the U.S. operations of PointsBet right after a quite a few-year pursuit of an entry to the sports betting industry.