AGA forecasts 37% drop in bets on the Super Bowl

The AGA expects overall bets to be down althught online bets will be up.
The AGA expects overall bets to be down althught online bets will be up.

According to research by the American Gaming Association (AGA), wagers on the event will decline compared to last year.

USA.- The American Gaming Association (AGA) has revealed research that forecasts a 37 per cent drop in bets on this year’s Super Bowl LV.

According to the survey, more than 23 million Americans plan to bet approximately $4.3bn on Super Bowl LV. That would be a notable fall from the 26 million who were estimated to wager $6.8bn on last year’s Super Bowl LIV.

The AGA attributes the drop in expected bets to the Covid-19 pandemic, which has led to a decline in wagers at retail sportsbooks and in social settings, such as offices and on square pools.

However, according to the same research, which was conducted for the AGA by Morning Consult, online bets will rise.

The survey suggests that 7.6 million people are expected to bet through online sportsbooks, an increase of 63 per cent from 2020.

The rise is due to the legalisation of online sports betting in many states in 2020. Colorado, Illinois, Michigan, Montana, Tennessee, Virginia and Washington D.C. all have newly regulated betting markets, bringing the total to 20 states and the District of Columbia.

AGA president and CEO Bill Miller said: “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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