Super Bowl LV set to attract record legal betting handle
| By Daniel O'Boyle
Americans are set to place bets worth a combined $4.3bn – including the largest legal US betting handle of any single sporting event in history – on Super Bowl LV, according to research from the American Gaming Association (AGA).
The AGA – following a weighted survey of of 2,198 adults conducted by Morning Consult – said 23.2m Americans are set to place bets totalling $4.3bn – across licensed and unlicensed channels as well as private bets with friends – on the game this Sunday between the Kansas City Chiefs and Tampa Bay Buccaneers.
Of these 23.2m bettors, 7.6m are expected to bet online, up 63% from 2020.
However, many other methods of betting saw a decline, partly due to the rise of the regulated online market but also due to the effects of the novel coronavirus (Covid-19) pandemic. The portion betting in person at a sportsbook is expected to decline 61% to 1.4m, while those betting with a bookie is down 21% to 1.8m.