"Since a federal ban on sports betting was struck down in the United States seven years ago, gambling on the internet has exploded in popularity. Last year, Americans spent over $150 billion on sports-related wagers, with many placing bets on their phones rather than boarding a flight to Vegas. The American Gaming Association reported a nearly 24 percent jump in popularity in sports betting in the US in 2024, and the obsession shows no signs of slowing down."
"The mania has coincided with a modern AI gold rush. Now, the race is on to combine the economy-shaking pursuits, and a cottage industry has emerged to give bots the ability to place bets. So far, there's no huge wave of newly minted millionaires sitting atop piles of money won using AI agents. But some fortune hunters are already jostling to establish AI-powered services that will turn ordinary gamblers into winners."
"We have some people who are probably hitting around 56 to 60 percent of the time, myself included,"
Online sports betting expanded rapidly after a federal ban was struck down seven years ago, and Americans wagered over $150 billion on sports last year. The American Gaming Association reported a nearly 24 percent increase in U.S. sports betting popularity in 2024. A concurrent surge in AI development has led to a cottage industry combining AI and gambling, enabling bots to place bets. Entrepreneurs and startups are offering AI-based tools that claim to give bettors an edge. Some operators report hit rates around 56–60 percent compared with standard odds near 52 percent. No widespread, verifiable wave of AI-generated millionaires has emerged yet.
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