The American Gaming Association has released a report regarding sports betting on Super Bowl LIV, showing that a record number of Americans will be wagering on the event. As many as 26 million residents of the US are expected to place bets, which will be an increase of around three million when compared to 2019. The report also estimates that as much as $6.8 billion in total wagers will be placed.
Super Bowl LIV:
The upcoming Super Bowl will take place this Sunday at the Hard Rock Stadium in Miami Gardens, Florida. The Kansas City Chiefs will be representing the AFC West with a 14 and 4 record while the San Francisco 49ers will be representing the NFC West with a 15-3 record. The two teams played each other during the NFL pre-season on August 24th, 2019 and the 49ers won 27-17.
The report published by the AGA was based on an online survey conducted by Morning Consult which shows that the public is shifting towards placing sports bets in the regulated market. The Super Bowl is one of the largest betting events in the US and will be a strong indicator as to how popular the industry has become within the past year.
AGA president and CEO, Bill Miller, commented on the survey pointing out that with 14 operational markets in the US and another seven not far behind, Americans have more opportunities for safe and legal Super Bowl betting than ever before. According to Miller, with visitation increasing within legal sportsbooks, bettors are successfully being drawn away from the predatory illegal market.
The AGA released a similar report in 2019, which found that 38,000,000 American adults would be wagering on the NFL games during the 100th season. When the Professional and Amateur Sports Protection Act was invalidated in May 2018, states wasted no time in offering services and within and in just over a year’s time from that day, over $10 billion was legally wagered via sports betting outlets in the United States.
The speed of legal sports betting growth from 2018 to 2019 provided new opportunity for millions of Americans to wager on NFL games as well as other professional sports. The industry only continues to grow as more states get in on the action.