Super Bowl betting projected to reach $16 billion this year

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Super Bowl betting projected to reach $16 billion this year
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The gambling industry's national trade group predicts that 1 in 5 American adults will make a bet on Sunday's Super Bowl between the Philadelphia Eagles and Kansas City Chiefs

Frank Caltagirone, a sports book employee at the Ocean Casino Resort in Atlantic City, N.J., counts money from his drawer Monday, Feb. 6, 2023. On Feb. 7, 2023, the gambling industry's national trade group, the American Gaming Association, predicted that over 50 million American adults will bet a total of $16 billion on this year's Super Bowl, including legal bets with sports books, illegal ones with bookies, and casual bets among friends or relatives. ATLANTIC CITY, N.J.

That's up 50% from the same period last year, and the group is predicting record-setting volume for this year's Super Bowl. The company estimated 10 to 15% of that total would be wagered live after the game begins, and that 15 to 20% would come in the form of same-game parlays, or a combination of bets involving the same game, such as betting on the winner, the total points scored and how many passing yardsThe AGA survey found bettors evenly split, with 44% backing the Chiefs and an identical percentage betting on the Eagles.

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