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ATLANTIC CITY, N.J. \u2014 Nearly 68 million American adults \u2014 about 1 in 4 \u2014 plan to bet on this year\u2019s Super Bowl, setting a record by a wide margin, according to the gambling industry\u2019s national trade association.<\/p>\n
Figures released Tuesday by the American Gaming Association include bets placed with legal outlets, as well as with illegal bookies and online operations in other countries.<\/p>\n
The volume of betting participation is projected to be 35% higher than last year, which was the previous record.<\/p>\n
Bettors plan to wager an estimated $23.1 billion on this year\u2019s Super Bowl, up from $16 billion last year, the group predicted.<\/p>\n
Of that, about $1.5 billion is projected to be bet with legal outlets, the group said, citing consensus estimates from various sources. That is in the same ballpark as the $1.25 billion in legal bets projected by Irvine, California-based research firm Eilers & Krejcik Gaming.<\/p>\n
Sports betting is legal in 38 states plus Washington, D.C.<\/p>\n
\u201cThere\u2019s a good chance that every Super Bowl for the next ten or so years will be the most bet Super Bowl thanks to the underlying growth of regulated sports betting in the U.S.,\u201d said gambling analyst Chris Grove, a partner at Eilers & Krejcik Gaming.<\/p>\n
Sunday\u2019s game will feature the defending Super Bowl champion Kansas City Chiefs against the San Francisco 49ers in a\u00a0rare rematch\u00a0from four years ago.<\/p>\n
The 49ers are favored by 2.5 points, meaning they would have to win the game by 3 or more points for bets on them to be winners. Conversely, if the Chiefs win, or if they lose by no more than 2 points, bets on Kansas City would win. Those odds are from\u00a0FanDuel Sportsbook, the official odds provider for The Associated Press.<\/p>\n
The\u00a0romance between Chiefs star tight end Travis Kelce and pop superstar Taylor Swift\u00a0might be helping drive interest in this Super Bowl. About 73% of adults say they plan to watch the game this year, about 10% higher than in recent previous years.<\/p>\n
\u201cI think the \u2018Taylor Swift effect\u2019 will be more obviously felt in terms of the total number of people watching and betting on the game than it will be in the total dollars bet on the game,\u201d Grove said. \u201cBut there\u2019s little doubt that sportsbooks will be seeing Swifties sign up that otherwise would not have given sports betting a second thought.\u201d<\/p>\n
Likewise, Cait DeBaun, a vice president with the American Gaming Association, said Swift could be one of several reasons for increased betting on this year\u2019s Super Bowl, along with \u201cthe\u00a0compelling matchup,\u201d the game being held in\u00a0Las Vegas, the nation\u2019s betting capital, and the growing availability of legal sports betting in the U.S.<\/p>\n
The largest group in the survey \u2014 42.7 million adults \u2014 plans to place a wager online (legally or illegally), at a retail sportsbook or with an illegal bookie, an increase of 41% from last year.<\/p>\n
About 36.5 million adults plan to bet casually with friends, or as part of a pool or squares contest, up 32% from last year.<\/p>\n
Bettors are nearly split on the outcome of the game, with 47% planning to bet on the Kansas City Chiefs and 44% planning to bet on the San Francisco 49ers, according to the association\u2019s survey conducted Jan. 30 through Feb. 1 of a national sample of 2,204 adults. The survey has a margin of error of plus or minus 2 percentage points.<\/p>\n
Eilers & Krejcik forecasts that nearly 13% of money bet with legal sportsbooks will come from Nevada, where the game will be played. That is followed by New York (12.4%), New Jersey (9.6%); Pennsylvania (7.4%), Illinois (7.3%); Ohio (7%) and Arizona (5.6%). Other states are projected to account for 3.6% or less individually.<\/p>\n
About 10% to 15% of legal bets will be made live after the game already has begun, the company predicted.<\/p>\n
Brian Becker, senior vice president of Tipico Sportsbook, is among many gambling industry executives who predict a record-breaking betting level on this year\u2019s Super Bowl.<\/p>\n
\u201cThe game-watching experience has become more immersive than ever before,\u201d he said. \u201cAs we approach Super Bowl Sunday, we also expect the festivities in Las Vegas to have a ripple effect across the country and entice more fans to place bets than in years past with the microscope of media and advertising on Vegas culture.\u201d<\/p>\n<\/div>\n[ad_2]\n","protected":false},"excerpt":{"rendered":"
[ad_1] ATLANTIC CITY, N.J. \u2014 Nearly 68 million American adults \u2014 about 1 in 4 \u2014 plan to bet on this year\u2019s Super Bowl, setting a record by a wide margin, according to the gambling industry\u2019s national trade association. Figures released Tuesday by the American Gaming Association include bets placed with legal outlets, as well …<\/p>\n","protected":false},"author":1,"featured_media":25560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/25558"}],"collection":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/comments?post=25558"}],"version-history":[{"count":0,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/posts\/25558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media\/25560"}],"wp:attachment":[{"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/media?parent=25558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/categories?post=25558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/farratanews.online\/wp-json\/wp\/v2\/tags?post=25558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}