Tremendous Bowl betting set to lower 37 p.c because of COVID-19 pandemic, in response to survey

The Tremendous Bowl is yearly one of many greatest days of the yr for the sports activities betting trade. Nonetheless, in response to a survey from the American Gaming Affiliation, wagers on the Tremendous Bowl will probably be down roughly 37 p.c from final yr on account of the COVID-19 pandemic.

Within the wake of the COVID-19 pandemic, the survey forecasts that $4.3 billion will probably be wager on Tremendous Bowl LV between the Kansas Metropolis Chiefs and Tampa Bay Buccaneers. The American Gaming Affiliation believes that $4.3 billion will probably be wagered on the sport as an alternative of the $6.8 billion that was wager on Tremendous Bowl LIV a season in the past.

A part of the rationale for the anticipated drop in bets is the truth that many informal bettors will not be taking part in workplace swimming pools like they’ve in years previous. As well as, the survey additionally confirmed that simply 7.6 million United States residents will place their bets on cell apps and web sites, which is a 63 p.c crease from 2020.

One constructive that sportsbooks do have of their favor is that seven extra states launched sports activities betting since Tremendous Bowl LIV. Colorado, Illinois, Michigan, Montana, Tennessee, Virginia, and the District of Columbia all legalized sports activities betting.  Michigan and Virginia really launched sports activities betting markets earlier this month.

It’s value noting that $21 billion was wager at sportsbooks round the US in 2020, which is a rise of $13 billion from 2019. Regardless that sports activities had been on hiatus by way of the primary half of 2020, followers shortly flocked again to sportsbooks and cell betting as soon as sports activities returned.

Widespread playing cities like Las Vegas and Atlantic Metropolis are bracing for a lower in in-person betting because of the COVID-19 pandemic. The American Gaming Affiliation initiatives that an estimated 1.4 million Individuals will wager at in-person sportsbooks this yr, which is down from 61 p.c final yr.