Super Bowl LVIII Expected to Break US Betting Records

Super Bowl LVIII Expected to Break US Betting Records

Around 68 million American adults are planning to wager on Super Bowl LVIII. Thus, experts expect this year’s event to break US betting records. According to the American Gaming Association, their estimate included wagers with legal sportsbooks, bookies, and offshore sports betting sites.

Sports betting software experts say betting involvement will be 35% greater than in the previous record-breaking year. According to the group’s predictions, $23.1 billion will be wagered on the Super Bowl this year, compared to $16 billion last year.

According to consensus estimates from several sources, the organization estimated that around $1.5 billion will be gambled using legal venues. Eilers & Krejcik Gaming, a research firm in Irvine, California, predicted $1.25 billion in legal bets, so the two figures are close. Along with the District of Columbia, 38 states have legalized sports betting.

Rarely rematching a game from four years ago, Sunday’s contest pits the San Francisco 49ers against the reigning Super Bowl champion Kansas City Chiefs.

Super Bowl LVIII to Break US Betting Records

Super Bowl LVIII Expected to Break US Betting RecordsFor a wager on the 49ers to be considered a winner, the spread must be three points or higher, as they are 2.5-point favorites. Wagers on Kansas City would be successful if the Chiefs win or their loss is within two points.

According to betting directory sources, wagers are roughly divided on the game’s result. 47% of people intend to bet on the Chiefs and 44% on the 49ers.

Anxieties surrounding the relationship between Chiefs star tight end Travis Kelce and pop diva Taylor Swift may contribute this year to the Super Bowl interest. According to sports betting software experts, the percentage of adults who intend to watch the game this year is 73%, 10% more than in the last several years.

With the game being held in Las Vegas, the US betting capital, and the growing availability of legal sports betting in the U.S., along with the exciting matchup, there may be an increase in betting on this year’s Super Bowl. Cait DeBaun, a vice president of the Gaming Association, suggested that Swift could also be a reason behind the rise in betting on the Super Bowl.

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