$6.8 billion could be wagered on Super Bowl LIV, per survey
The Super Bowl is not only the biggest spectacle in sports, it also marks perhaps the most important single day on the calendar for the sports gambling business.
Case in point: As much as $6.8 billion could be wagered on Super Bowl LIV, according to the results of survey by a Washington D.C.-based trade group.
The American Gaming Association (AGA), which represents the interests of the casino industry, released on Tuesday the findings of its survey of 2,200 adults. According to the results, as relayed by David Purdum of ESPN, approximately 26 million Americans will lay down wagers on the showdown between the San Francisco 49ers and Kansas City Chiefs.
That number marks an uptick of three million more American adults who will have money riding on Sunday’s game than those who wagered on Super Bowl LIII last year.
Much of the increase in gambling on Super Bowl LIV presumably can be mostly attributed to the availability of legitimate wagering options thanks to the proliferation of states with legalized gambling. Fourteen states now have legal sportsbooks, six more than were operating during last year’s big game.
“Americans have never before had so many opportunities to wager on the Super Bowl in a safe and legal manner, and clearly, they are getting in on the action,” Bill Miller, president and CEO of the AGA, said in a statement announcing the survey results.
There are a handful of states that are expected to have sportsbooks up and running before Super Bowl LV is held in Tampa, Fla., on Feb. 7, 2021. The reasonable assumption is that it will only lead to even more individuals placing bets on future Super Bowls, not to mention further upward increases in the staggering amount of money being wagered on the NFL’s championship game in the coming years.