The American Gaming Association estimates that more than $7.6 BILLION will be bet on Sunday’s championship game between the Bengals and Rams.
Just call it the Super Bowl of sports betting.
A record 31.5 million Americans are planning to bet on Sunday’s Super Bowl–at least according to estimates shared Tuesday by the gambling industry’s national trade group.
The American Gaming Association estimated that more than $7.6 billion will be wagered on the NFL championship game between the Los Angeles Rams and Cincinnati Bengals.
- Point spread: Rams -4.5
- Over/under point total: 48.5
- Moneyline: Rams -192, Bengals +170
Both the amount of people planning to bet (up 35% from last year) and the estimated amount of money being bet (up 78% from last year) are new all-time records, reports The Associated Press.
Bettors include people making casual wagers with friends or relatives, entries into office pools, wagers with licensed sportsbooks, and bets placed with illegal bookmakers.
“Americans have never been more interested in legal sports wagering,” said Bill Miller, the group’s president and CEO. “The growth of legal options across the country not only protects fans and the integrity of games and bets, but also puts illegal operators on notice that their time is limited.”
The populations of 30 states plus Washington D.C. now offer legal gambling—45 million more people than were able to legally bet since last year’s game.
That’s because a slew of states have legalized sports betting over the last year: Arizona, Connecticut, Louisiana, Maryland, North Carolina, North Dakota, South Dakota, Washington, Wisconsin, and Wyoming.
Per the AP, the gambling group also shared some Super Bowl LVI betting predictions:
— 18.2 million American adults will place traditional sports wagers online, at a retail sportsbook or with a bookie, up 78% from 2021.
— 18.5 million plan to bet casually with friends or as part of a pool or squares contest, up 23%. The association said there is some overlap among those two groups.
— 76% say it is important for themselves to bet through a legal operator, up 11% from last year.
— 55% plan to bet on the Rams, with 45% backing the Bengals.
That contradicts data from numerous individual legal sportsbooks that shows more bets and total money being wagered on Cincinnati thus far.
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