Bank of America analysts have projected that the US sports betting market could reach a total value of $1.1 trillion, according to a new report from the financial institution.

The estimate reflects the continued expansion of legal sports wagering across the United States, as more states have legalized various forms of sports betting in recent years. The projection appears to encompass the broader market potential for sports event betting activities nationwide.

The sports betting industry has experienced significant growth since the Supreme Court's 2018 decision to overturn the federal ban on sports wagering outside of Nevada. Since then, dozens of states have moved to legalize and regulate sports betting within their jurisdictions.

Bank of America's trillion-dollar market estimate suggests substantial economic potential in the sector, though the timeline and specific methodology behind the projection were not detailed in the available reporting. The figure likely represents total handle or wagering volume rather than industry revenue, as sports betting operations typically retain only a small percentage of total bets placed.