According to a survey by the American Gaming Association, one in every five American adults will wager a record-breaking $16 billion on Super Bowl LVII.
On Sunday in Glendale, Arizona, the Philadelphia Eagles and the Kansas City Chiefs will play.
The estimated $16 billion would more than treble the wagering from the previous year.
On January 31 and February 1, the AGA polled 2,199 adults, and the results showed that 20% of those polled intended to wager on the game.
According to the AGA, this equates to almost 50 million Americans placing bets, with 30 million doing so online, at brick-and-mortar sportsbooks, or through a bookie — up 66 percent from last year. 28 million more people intend to make casual bets with friends or in a pool.
The AGA estimates that 57% of Americans reside in a state where sports betting is allowed in some capacity.
The AGA’s president and CEO, Bill Miller, said in a statement that the Super Bowl “serves to highlight the benefits of legal sports betting every year: Bettors are transitioning to the protections of the regulated market, leagues and sports media are seeing increased engagement, and legal operators are driving needed tax revenue to states across the country.” Investments in responsible gaming by the industry are still relevant.
According to the AGA study, bettors are divided over the outcome of the Big Game. 44 percent of those polled backed the Chiefs and the Eagles, with the remaining 12 percent being uncertain.