Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPN

Survey: Americans expected to bet .1B on Super Bowl 2024 | ESPN

Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPN

With the upcoming Super Bowl LVIII set to take place in Las Vegas for the first time, the excitement around sports betting in America has reached new heights. According to a recent survey conducted by the American Gaming Association (AGA), approximately 67.8 million adults, constituting 26% of the adult population of the United States, are expected to wager a staggering $23.1 billion on the game between the San Francisco 49ers and the Kansas City Chiefs. These figures show a significant increase from the previous year, reflecting the growing interest and participation in nationwide legal sports betting.

The survey, conducted by Morning Consult on behalf of the AGA, encompasses various forms of betting, including online platforms, casino sportsbooks, informal pools, and contests among friends and family. AGA’s president and CEO, Bill Miller, highlighted the milestone moment for the gaming industry, emphasizing the importance of consumer protection and responsible gambling practices within a regulated market. Since the landmark 2018 ruling by the U.S. Supreme Court, which paved the way for legal sports betting, more than $300 billion has been wagered with American sportsbooks, indicating a significant shift in the gambling landscape.

As the popularity of sports betting continues to soar, so does its impact on advertising and media. Data from iSpot reveals that estimated TV ad spend on sports betting exceeded $360.1 million in 2023 alone, with the NFL set to feature two sportsbook commercials during the Super Bowl LVIII broadcast. Additionally, research firm Eilers & Krejcik Gaming predicts that a staggering $1.25 billion will be wagered on the Super Bowl, with a notable portion of bets being placed as same-game parlays or even after the game has commenced.

Despite the widespread legalization of sports betting across 38 states, the District of Columbia, and Puerto Rico, Nevada remains a prominent player in the market. While the state saw a slight decline in total wagers in 2023, it still retains a significant betting market share. Caesars Sportsbook recently reported notable bets, including a $1 million wager on the 49ers to win and a $100,000 bet on the Super Bowl coin flip. With such high stakes and widespread participation, the Super Bowl culminates the evolving landscape of sports betting in America………..full-loaf-600x400-1-e1700879832480 Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPN[read more]

Rising Dough

Rising-Dough-e1700879911412 Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPNHow does the increasing integration of sports betting into mainstream entertainment impact consumer behavior and the broader economy?

*Click on the “Full Loaf” icon to read the full article! After you read the full article, let us know your thoughts.

0 0 votes
Article Rating
stone-street-coffee-logo Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPN ☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!** Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
6c31e2ebee96976b6a6e7a7b46987d98?s=56&d=mm&r=g Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPN

4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
6dc78adf77cf24598d32dabc2b87409a?s=64&d=mm&r=g Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPN
Guest
JGomez
5 months ago

Sports betting impacts sports streaming companies heavily because there’s a lot more betters, more people are going to be watching and buying subscriptions to these streaming platforms which earns these companies a lot more profit.

713880366bbb592cd5e78041b1ca3412?s=64&d=mm&r=g Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPN
Guest
Katherine M
5 months ago

The increasing integration of sports into mainstream entertainment will increase consumer spending and boost the economy. This is because people are willing to play outrageous prices to get merchandise or even game tickets for their favorite teams. Events such as the superbowl and World Cup stimulate local economies greatly.

62effe8db5b443deadc3e4d36a9700b4?s=64&d=mm&r=g Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPN
Guest
Jahquez
5 months ago

By betting into sports games will lead to a more engaged audience. With the expectation of cashing out a big victory. This effects the larger economy because people would bet on anything. This is a way people can be interested in sports and stay a fan.

c9560bc76773cec6a352a35f634b11e8?s=64&d=mm&r=g Survey: Americans expected to bet $23.1B on Super Bowl 2024 | ESPN
Guest
Mikey
5 months ago

The more bets, it will increase how many people watch the game.

Share this content:

0 0 votes
Article Rating
stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
guest

4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
JGomez
Guest
JGomez
5 months ago

Sports betting impacts sports streaming companies heavily because there’s a lot more betters, more people are going to be watching and buying subscriptions to these streaming platforms which earns these companies a lot more profit.

Katherine M
Guest
Katherine M
5 months ago

The increasing integration of sports into mainstream entertainment will increase consumer spending and boost the economy. This is because people are willing to play outrageous prices to get merchandise or even game tickets for their favorite teams. Events such as the superbowl and World Cup stimulate local economies greatly.

Jahquez
Guest
Jahquez
5 months ago

By betting into sports games will lead to a more engaged audience. With the expectation of cashing out a big victory. This effects the larger economy because people would bet on anything. This is a way people can be interested in sports and stay a fan.

Mikey
Guest
Mikey
5 months ago

The more bets, it will increase how many people watch the game.

4
0
Would love your thoughts, please comment.x
()
x
×