Super Bowl LV Likely to Break All Online Gambling Records
It has been a long time coming, but now that numerous US states have the ability to participate in online sports betting, 2021 looks to be a big year. In previous years, Americans have had to turn to underground bookmakers and overseas online platforms to place their bets. With the upcoming Super Bowl LV event though, a record 7.6 million US residents are expected to place their bets through legal online channels.
The 55th annual Super Bowl is set to take place on Sunday, Feb. 7 and will see the Kansas City Chiefs go one-on-one with the Tampa Bay Buccaneers. It marks the fourth appearance at the Super Bowl for the Chiefs, while the Tampa team are returning for only the second time in the franchise history
Due to the ongoing threat of COVID-19, in-person sports bets are not currently possible, with many land-based bookies being shut down. Fewer people will also partake in workplace betting pools for the same reason. Looking at expected figures, altogether, 23.3 million Americans are expected to place bets on the final NFL game, which is down by 12% from last year. However, the 7.6 million that will place their bets via the internet represents a 63% increase on 2020.
Related:
- Record iGaming revenue in Pennsylvania
- Tennessee bettors stake $27.4m in first week of legal wagering
The likelihood is that this increase is due to the fact that legal online betting has been adopted in many states now. Along with Washington, D.C., a total of 25 states have now legalized the activity within their borders.
Figures suggest that about 56% of American bettors will be backing the Chiefs, with the remaining 46% hoping for a Buccaneers victory.
This year’s Super Bowl is expected to generate the largest single-event legal handle in American sports betting history. With a robust legal market, Americans are abandoning illegal bookies and taking their action into the regulated marketplace in record numbers.
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