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Here’s How Much Americans Are Expected to (Legally) Bet on the Super Bowl
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Key Points
- According to the American Games Association, Americans are expected to legally place $1.39 billion on Super Bowl Lix.
- In 2018, the U.S. Supreme Court approved the ability to regulate sports betting, and now 38 states and the District of Columbia allow this.
- According to the think tank Tax Foundation, U.S. legal sports betting set a record in 2023 and bets over $100 billion, and states collected $1.8 billion in tax revenue.
More than 115 million people are expected to watch Sunday’s Super Bowl. Many of them will not only become interested in the results.
According to the American Games Association, adults of Americans are expected to legally place $1.39 billion on Super Bowl Lix between the Kansas City Chiefs and the Philadelphia Eagles, “emphasizing the continued expansion and enthusiasm of the legal sports betting market. ”
In 2018, the U.S. Supreme Court rejected the Professional and Amateur Sports Protection Act, which made people illustrate the ability to regulate sports betting. Now 38 states and the District of Columbia Allow sports betting, “To date, the total of operators can generate nearly $40 billion in lifetime revenue, totaling more than $450 billion,” Legal Sports Report Reported earlier this week.
AGA CEO Bill Miller said: “No event will unite sports fans like the Super Bowl, and that excitement extends to sports betting, and this year’s record legal treatment reflects its wide appeal. “This figure emphasizes the positive impact of the legal market, from protecting consumers to generating taxes that benefit from communities across the country, while enhancing the gaming experience for everyone.”
According to the Tax Foundation think tank, U.S. legal sports betting set a record in 2023 and bets with more than $100 billion, the state collected $1.8 billion in tax revenue, generating more than $800 million in New York alone, according to the Tax Foundation Think Tank. .
Legal betting is just a small part of the total Super Bowl bet
This year’s AGA estimate for Super Bowl betting is its first bet based solely on legal basis. For example, last year’s report predicts $23.1 billion in the game between the Chiefs and the San Francisco 49ers, but includes bets outside the U.S. legal sports book platform, such as with books, or in “a swimming pool or square game” ” or with it. Family or friends. ”
“With years of legal operations in several U.S. states, the AGA now analyzes historical revenue data and other trends to develop legal betting estimates for major U.S. sports betting moments,” it said.
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