Record Amounts To Be Wagered On Super Bowl LIVPublished February 5, 2020 by Sol FH
The punters are out in full force as betting amounts predicted to top $6.8 billion this year.
The American Gaming Association (AGA) has posted the results of its latest survey which covers Americans' plans for betting for Super Bowl LIV.
Since the Super Bowl last year, legal sports wagering in the has exploded. There are now 14 active markets and an additional 7 on the way and this year it is expected that 26 million Americans will be wagering on the championship matchup between the San Fransisco 49ers and the Kansas City Chiefs in Miami.
This is really the first year that Americans have a legal way to bet on the big show. Historically, the illegal betting channels were the only way for US residents to make a bet, but since regulation, the legal online sportsbooks are the best and most convenient way to get in on the game.
In an earlier AGA survey, it found that 75 percent of punters that wager on a game are more likely to watch it. This will mean that the Super Bowl ratings should be higher than ever.
Results of AGA Survey
Around 3 million more US residents are planning to make a wager than last year, which is a total of over one-in-ten total of all Americans. Many of those that have already made a bet, or, plan to make a bet, will do so using an online betting platform. In fact, nearly 5 million punters will engage an online or a mobile betting platform, a whopping 19 percent increase from 2019.
The favorite in the Super Bowl is the Chiefs. AGA found that 52 percent of all punters will bet on Kansas City, while 48 percent will make a bet on the San Fransisco 49ers.
Both quarterbacks of the opposing teams have never been to a Super Bowl, with Patrick Mahomes of the Chiefs looking to redeem himself after losing in OT to the Patriots in the AFC Championship game last year, and, Jimmy Goropollo of the 49ers is enjoying his very first year as a starting QB, quite an accomplishment.