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The Super Bowl is the most-watched game in the U.S. annually, as evidenced by the amount of money bettors are willing to risk. No other one-day event in the United States see more wagering than the big game, which has the most extensive viewership of the year.
The Super Bowl is watched by millions who legitimately as well as illegally place wagers. With legal betting now allowed in 33 states, Super Bowl wagering is predicted to set new milestones this year. How much will be wagered on the big game this year?
The 2023 Super Bowl between the Kansas City Chiefs and the Philadelphia Eagles will take place on Sunday, and sports enthusiasts are already grasping for their pockets. As per recent data from the American Gaming Association, an all-time high of over 50 million Americans are expected to wager on the event this year.
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The AGA predicts that all those wagers will come to a total of $16 billion, which is over twice the $7.6 billion it had predicted before the 2022 Super Bowl.
The AGA, a group that advocates for betting regulation, issues its yearly projections just before the Super Bowl. The data for this year indicates growth in gambling, both on the legitimate and illegitimate sides of the sector, and a rise in the overall volume of bets and bookies.
The AGA found that almost 30 million Americans will use a bookmaker, a retail sportsbook or the internet to make a traditional sports wager.
A chat tweeted on Tuesday revealed that bookies made legal wagers totaling $950 million on the Super Bowl last year. However, the $16 billion figure provided by AGA is simply a projection. The AGA had calculated that $7.61 billion was wagered on the Super Bowl in 2022, both legally and illegally.
Currently, 57% of adults in America live in a market where live sports betting is permitted. More jurisdictions than ever before will accept legal sports betting on the Super Bowl this year.
Super Bowl LVII kicks off on February 12
Both the Philadelphia Eagles and the Kansas City Chiefs will try to win their second Super Bowl on February 12. The Chiefs will try to capture their second Vince Lombardi Trophy in four years when they go up against the Eagles.
The Chiefs are on a three-game winning run against the Eagles and a 5-4 record overall. In Week 4 of the 2021 season, the Chiefs prevailed in the most recent matchup between the two teams. In the 42-30 win, Patrick Mahomes threw five touchdown passes.
Despite losing to Mahomes in their first matchup, Jalen Hurts still produced impressive stats, completing 32 of his 48 passes for 387 yards and two touchdowns.
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