A estimated 23.2 million Americans intend to wager Super Bowl LV, consolidating to threat possibly $4.3 billion — an estimated reduction of approximately 37 percent from this past year, according to study from the American Gaming Association published Tuesday.
Together with the continuing coronavirus pandemic, the two amounts are down from last year’s quotes in the AGA, even though 36 million more Americans using legal sportsbooks within their nation or jurisdiction.
The pandemic is predicted to cut in the amount wagered at retail sportsbooks and decrease casual stakes, such as squares and office that are created in societal settings. Online betting on Sunday’s matchup between the Kansas City Chiefs and Tampa Bay Buccaneers, nevertheless, could rise dramatically, the study showed, using a list 7.6 million Americans potentially placing wagers on cellular gambling apps and sites, a 63 percent year-over-year growth.
The study is based on an internet poll of 2,198 adults conducted weekly by polling company Morning Verify on behalf of the AGA.
Legal sportsbooks are currently working in 20 states and the District of Columbia.
As Americans moved from overseas and unregulated bookmakers, over $21 billion was bet at U.S. sportsbooks at 2020, up from $13 billion in 2019. Over $210 million in local and state taxation was created in the U.S. sports gambling market in 2020, according to the AGA.
“This season’s Super Bowl is expected to create the biggest, single-event legal speech in American sports gambling history,” Bill Miller, president and CEO of the American Gaming Association, stated in a news release announcing the poll results. “Having a strong legal marketplace, Americans are left prohibited bookies and carrying their actions into the controlled market in record amounts.”
Las Vegas retail sportsbooks, generally packed with Super Bowl Sunday, are bracing for any possible reduction in online betting. An estimated 1.4 million Americans could wager in-person at sportsbooks this season, down 61 percent from 2020, the study found.
Since 1991, when Nevada Gaming Control started tracking the gambling results on the Super Bowl, the nation’s sportsbooks have suffered a net loss only double (1995 Chargers-49ers and 2008 Giants-Patriots).
New Jersey sportsbooks have not been fortunate in regards to the Super Bowl. Considering that the nation established a legal sports gambling market in 2018, New Jersey sportsbooks have suffered a net loss over the previous two Super Bowls.
Fifty-six percentage of bettors at the AGA poll said that they had been likely to wager about the Chiefs, with 44% suggesting they’d be backing the underdog Buccaneers.