Americans are increasingly gravitating toward sports betting, particularly favoring parlay bets which are less serious but offer high payouts. A recent report shows that parlays accounted for 27% of cash wagered in select states yet generated 56% of revenues as sportsbooks capitalize on their popularity. As FanDuel predicts significant growth in U.S. gambling revenues—forecasting $63 billion by 2030—experts caution bettors against these long-shot wagers, suggesting traditional single bets often yield better outcomes long-term. With billions wagered on major events like the Super Bowl, the sports betting industry is booming overall.
There's always the chance, there's always the point-one-percent chance that it does hit, and I think that's what keeps people coming back.
Multileg bets are so lucrative that FanDuel parent company Flutter Entertainment recently increased its expectation for total online gambling revenues in the U.S. to $63 billion by 2030.
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