In just a few days the biggest NFL event will take place at the Raymond James Stadium in Tampa. Yes, we are talking about Super Bowl LV when the Kansas City Chiefs take on the Tampa Bay Buccaneers! Therefore, hardcore sports wagering fans around the world will be placing thousands of bets on this game. However, Sportsbooks are Expecting $3.4 Billion in Wagers for Super Bowl LV making it a record-breaking gambling record.
While it is true that the Super Bowl is an American event, people in 130 countries watch it every year. Therefore, for Korean online gambling fans, the Super Bowl is popular enough for them to place a wager on it. Of course, the majority of viewers are North Americans but it is still popular enough to warrant international television coverage.
Why Sportsbooks are Expecting $3.4 Billion in Wagers for Super Bowl LV
Theoretically, the number of people that will bet on the Super Bowl is just a little higher than previous years. This is because a sports betting is now legal in 22 states meaning less sports betting will be done offshore. Since more 36 million more Americas have access to legal gambling, the amount of money on record will also increase. Of course, the IRS will make sure that Americans pay their taxes on your winning. Therefore, legal sportsbook in the U.S. will automatically deduce 24% of gamblers winnings for federal taxes.
Furthermore, according to Bookie Pay Per Head news, 23.2 million Americans will be betting on the Super Bowl this year. In addition, out of those, 7.6 million Americans will place their Super Bowl Bet online. For the online sports betting industry, this is a 63% increase over the previous year.
In total, this comes to rough estimate of $4.3 billion in Super Bowl wagers. If we break it down, 1.4 million people will bet in person which is 61% lower than the previous year. In addition, 21% will use a bookie to place their bets and about 4.5 million will use a contest pool.
Worldwide, sports forums and gambling analysts expect around $6.8 billion in Super Bowl wagers from legal and illegal sportsbooks.
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