US punters are piling into the 2020 Super Bowl betting markets, according to figures that show that as many as 26 million US residents could be placing a bet on the game.
Although the US sports betting industry received a huge boost by the repeal of the PASPA Act in May 2018, the sector expanded dramatically in 2019, and that is likely to be reflected in the take up of betting opportunities at this year’s NFL showpiece.
This year’s game features the San Francisco 49ers and the Kansas City Chiefs, and according to the
American Gaming Association (AGA) as much as $6.8 billion could be wagered on the game. Those figures have been echoed by PlayUSA, which estimates that legal and online sportsbooks are expected to take several hundred million dollars in wagers on the game.
The AGA commissioned a survey from Morning Consult, which found that over one out of every ten US adults have plans to bet on the game. Almost four million will bet through a retail sportsbook, a figure that is up around 25% on last year, while as many as five million people say that they will bet through online or mobile betting platforms. For the record, 52% of those surveyed said that they planned to bet on the Chiefs, with 48% opting for the 49ers.
Speaking about the prospects for the betting industry this weekend, the President and CEO at the AGA, Bill Miller, said that it promised to be an unprecedented betting event:
“With 14 operational markets and another seven close behind, 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. With increased visitation to legal sportsbooks, we are successfully drawing bettors away from the predatory illegal market.”