Which legal industry is bigger: marijuana or sports betting?

They are considered a vice industry – but the masses love them. But what is greater?

The vice industry has always brought in a lot of money. Alcohol, porn, gambling, marijuana and tobacco. Alcohol is completely legal and is a $300 billion-plus industry in the US and Canada. Pornhub, the top site in this category, always ranks high in search results – usually in the top 10. But two are new to the mainstream market. So which legal industry is better: marijuana or sports betting?

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Sin City has played a big role in both industries. Gambling, which is different from sports betting, is the backbone of Las Vegas… but sports betting and marijuana have left a big mark. The Westgate is home to Superbook, the largest sportsbook in the world. With their famous video wall, you can watch, bet, and enjoy a full bar, cocktail service, and numerous food options. It is also home to Marijuana Planet 13. It is the world's largest Cannabis Pharmacya 10,000 square-foot entertainment complex with restaurants, a bar, shops, lightsaber-fighting robots, and a glass-fronted immersive production facility. Soon, Cannabition, an interactive, immersive environment, will open as part of the complex.

Sports betting emerged after the U.S. Supreme Court declared the federal government's Amateur Sports Protection Act (PASPA) unconstitutional in 2018. Until then, states were legally prohibited from “sponsoring, operating, advertising, promoting, licensing, or authorizing by law or contract” sports betting. Now the market is beginning to open up for such activities.

When Indiana first introduced sports betting, the website Condition Nearly $440 million was invested, according to the Indiana Gaming CommissionAnd all this money was generated without making any major changes to the existing infrastructure. The state and entrepreneurs earn money.

In 1996 California was the first state to legalize medical marijuana with the Compassionate Use Act. Colorado was the first state to legalize Recreational marijuana in 2014. In 2018, it was legalized in Canada. Now over 50% of the US population has access to legal marijuana and states with fully legal weed generate more revenue from cannabis than from alcohol. It's become so popular that it's invading the beer industry.

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So who is better in the growing industries? Marijuana was a $30 billion industry in 2023. That same year, Americans wagered a record $119.84 billion on sports betting, which equates to $10.92 billion in revenue. So the cannabis industry is bigger right now. Want to bet whether it will stay the same or change?