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AGA Says Americans Will Wager More Than $6.8 Billion On The 2020 Super Bowl

With more states offering legal sports betting, the American Gaming Association predicts Super Bowl wagering interest will amount to $6.8 billion.

Buckle up and get ready for Super Bowl LIV. For the first time, the state of Indiana approved legal sportsbetting. In the spirit of getting ready for Super Bowl LIV, the American Gaming Association (AGA) released some estimates.

According to the AGA, 26 million or more than 10% of American adults will place some type of wager on the Super Bowl. In fact, the estimated total is an eye-watering $6.8 billion.

Additionally, the AGA’s projection on the rise compared to last year. In 2019, nearly 3 million more Americans claim they will place wagers on this year’s Super Bowl. Coupled with the fact that this is the first year for legalized sportsbetting in Indiana, it logically follows that some percentage of the 3 million sports bettors will likely be Hoosiers.

Main findings from the AGA’s survey

Conducted by the Morning Consult, the AGA’s survey found:

  • One in ten American adults are planning on wagering on Super Bowl LIV.
  • Although 26 million Americans are planning on wagering, around 4 million will use a land-based sportsbook, which equates to a 25 percent increase this year. This means that they plan on placing bets in person.
  • Around 5 million will use an online gambling platform, using a desktop or mobile device. This includes using licensed and legalized operators or illegal off-shore books. This equates to a 19 percent increase for the present year.
  • Most Americans will place wagers with a bookie, in recreational-type pool or squares games, or casually through family or friends.
  • 52 percent favor the Kansas City Chiefs, whereas 48 percent will wager on the San Francisco 49ers.

Approved Indiana Super Bowl LIV prop bets

Recently, the Indiana Gaming Commission (IGC) approved certain Super Bowl prop bets that sportsbooks may offer. New Jersey also approved Super Bowl prop bets. With the burgeoning of states legalizing online sports betting, it follows that more states will follow suit on Super Bowl prop bets in the future.

Here are some fun prop bets approved by the IGC:

  • Who will win the coin toss?
  • Which player will call the coin toss correctly?
  • Which team will win the coin toss and the game?
  • What color will the Gatorade shower be?
  • Who will the Super Bowl MVP first thank?
  • Who will announce NFL retirement after the Super Bowl?
  • Will a flea-flicker happen during the game?

However, don’t expect to place large wagers on Super Bowl prop bets. Historically, these wagers cap around $2,000 per customer.

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