The gambling industry’s national trade group predicted Tuesday that a record 50.4 million American adults plan to bet on this year’s Super Bowl, with bets totaling $16 billion.
The American Gaming Association estimates that 1 in 5 American adults will bet on Sunday’s NFL championship game between the Philadelphia Eagles and the Kansas City Chiefs.
Guessing includes legal bets, and those placed casually with illegal bookies or between friends or relatives.
The total amount expected to be wagered this year is more than double that of last year as legal U.S. The sports betting market continues to grow.
There are three additional states offering legal sports betting this year – Kansas, Ohio and Massachusetts – compared to a year ago, bringing the total to 33 states as well as Washington, D.C. Maryland also added mobile sports betting last year, but it has – The person is betting on last year’s Super Bowl.
More than half of all American adults live in a market where sports betting is legal.
“Each year, the Super Bowl serves to highlight the benefits of legal sports betting: bettors are transitioning to the safety of a regulated market, leagues and sports media are seeing growth, and legal operators are expanding in states across the country.” are driving necessary tax revenue in the U.S. said Bill Miller, president and CEO of the association.
Hard data is backing up the record-setting betting market predictions for this year’s games. GeoComply, which handles nearly all online betting traffic for the US sports betting market, says it has blocked the NFL playoffs from January 14 to 29 in order to verify that a customer is in a particular location where such bets are legal. Over 550 million geolocation checks have been recorded during the year. ,
That’s up 50% from the same period last year, and the group is predicting record-setting volume for this year’s Super Bowl.
Eilers & Krejcik Gaming Research, an independent California-based analytics firm, put together completely legal bets. It predicted a total of more than $1 billion this year, led by Nevada ($155 million); New York ($111 million); Pennsylvania ($91 million); Ohio ($85 million) and New Jersey ($84 million.) His research was not included in the AGA predictions.
The company estimates that 10 to 15% of that total will be placed live once the game begins, and that 15 to 20% will come in the form of same-game parlays, or a combination of bets involving the same game , such as betting winners, total points scored and how many passing yards Eagles quarterback Jalen Hurts will accumulate.
The AGA poll found bettors evenly split, with 44% backing the Chiefs and a similar percentage betting on the Eagles.
The Eagles were a 1.5-point favorite as of Monday night on FanDuel, the official odds provider for The Associated Press.
There is a huge range of bets on the big game, from the most basic predictions of which team will win and by how many points, to bets on the total amount of points scored in the game.
So-called proposition or prop bets on individual player performance are also popular, such as whether Chiefs quarterback Patrick Mahomes will throw two or fewer touchdown passes or how many rushing yards Eagles running back Miles Sanders will accumulate.
For the Super Bowl, these bets include unusual outcomes such as whether the opening coin toss will come up heads or tails; whether the final score of the game has been the same as the score of the previous Super Bowl ever before, and even what color of Gatorade will be poured on the winning coach.