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Americans wagered 2x more money on sports gambling last year than Amazon made in net income. That is insane.

In the last year, Americans placed sports bets totaling twice the amount of Amazon's net income, highlighting the massive scale of sports gambling in the U.S.

Background

- The post compares the total amount Americans bet on sports in a given year (the "handle," or total dollars wagered) to Amazon's net income (profit after expenses) — two very different financial metrics. The "handle" is gross betting volume, not what bettors lost or what sportsbooks earned; Amazon's net income is what the company actually kept. - Sports gambling has exploded in the US since a 2018 Supreme Court ruling (Murphy v. NCAA) struck down the federal ban, allowing states to legalize it. Dozens of states have since done so, with heavy marketing from platforms like FanDuel, DraftKings, and BetMGM. - Anthony Pompliano is a well-known crypto investor and commentator (founder of Pomp Investments); the post is intended to highlight the sheer scale of American sports betting relative to a major corporate profit benchmark.

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