According to a recent report by 12news.com KPNX, the age of sports bettors in Arizona is falling as the number of dollars wagered in the state continues to grow. The report, which was based on data from the Arizona Department of Gaming, revealed that the average age of sports bettors in the state has decreased significantly over the past few years.
In 2019, the average age of sports bettors in Arizona was 45 years old. However, in 2021, the average age has dropped to 32 years old, a staggering 13-year decrease in just two years. This trend is particularly concerning to some experts, who worry that younger bettors may be more susceptible to developing gambling addictions.
Despite the decrease in the average age of sports bettors, the number of dollars wagered in Arizona continues to grow. The report found that in 2019, the total amount of money wagered on sports in the state was $55 million. However, in 2021, that number has risen to a whopping $277 million, a more than five-fold increase in just two years.
The growth in the amount of money wagered on sports in Arizona can largely be attributed to the legalization of sports betting in the state. In 2018, the U.S. Supreme Court struck down a federal law that had previously prohibited states from legalizing sports betting. Following this ruling, Arizona passed legislation to allow sports betting in 2021, which has led to a surge in both the number of bettors and the amount of money being wagered.
While the increase in sports betting activity may be good news for state coffers, it is important to remember the potential risks associated with gambling. Experts warn that younger bettors, in particular, may be more vulnerable to developing gambling addictions, which can have serious consequences for their financial and mental well-being.
As sports betting continues to grow in popularity in Arizona, it will be important for lawmakers and regulators to implement measures to protect bettors, particularly those who may be more vulnerable to developing gambling problems. By promoting responsible gambling practices and providing support for those who may be struggling with addiction, Arizona can ensure that the growth of sports betting in the state is sustainable and beneficial for all involved.
