wisconsin Tribal Casinos See Surgeโค in Revenue from Sports Betting, projected โtoโ Reach $3.7 โขBillion
ASHWAUBENON,WI (WLUK) โ- Since the 2018โฃ Supreme Court decision allowingโ states โto legalize sports betting,Wisconsin‘sโ tribal casinos haveโ experienced significant growth in revenue through sports โwagering. Currently, sports โขbettingโข is permitted โคin Wisconsin only at โthe state’s 27 tribal โlocations.
The first sportsbook in wisconsin โคopened at oneida Casino in 2021,and revenue has steadily increased since then. Chadโ Fuss, assistant generalโ manager of finance at Oneida โคcasino, โnoted the seasonal peaks: โข”NFL season isโฃ a great season for everybody that dose sports bet booking, including us.โค It’s one of our busier seasons.”โ Fussโค alsoโฃ highlighted otherโค popular times, includingโ basketball โฃtournaments and professional sports playoffs.Accordingโข to the American โGaming Association, over 20% ofโข American adults placed a sports โคbet last year, driving demand even across โคstate lines. Some wisconsin residents, like โLeonardo Mosqueda of Green Bay, travel to neighboring states like Michigan, Iowa, or Illinois to place bets.
the appeal extends beyond professional wagering; fantasy football leaguesโ are also โคpopular.Sandyโ Martin of Chicago mentioned her โson’s participation,โข investing around $200โค annually with a potential โpayout of โup to $2,000.
However, โthe riseโค in sports โbetting is accompanied โby concerns about potentialโฃ addiction. โคSeveral U.S. states, including Wisconsin, have reported increased calls to addiction helplines. “I thinkโค some people do get addicted, โand it canโ be unhealthy in general,” said martin.โค “Butโค for whateverโ it’s worth,everybody loves to do it,has a lot of โขfun.”
Oneida casino addresses โฃthese concerns by providing informational pamphlets โand โfunding addiction services. Fuss emphasized theโ casino’s perspective: “We look at the gambling andโ sports bet booking as entertainment, social. โWe don’t ever want to see individuals getโค intoโ financial trouble.”
Despite the risks,โ the market for sports โคbetting remains strong. Sports betting at Wisconsin’s โ27 tribal locations is projectedโฃ to generate $3.7 billion dollars in revenue thisโฃ year, demonstrating the significant economic impact of the industry.