Super Bowl LV Betting Handle to Achieve Record High

Super Bowl LV Betting Handle to Achieve Record High

Last updated on February 6th, 2021 at 03:01 pm

Based on an American Gaming Association research, Americans will wager $4.3 billion on Sunday. The estimated Super Bowl LV betting handle will be the largest in the US’s legal sports betting era.

The AGA said that around 23 million Americans would wager on the Super Bowl for a total of $4.3 billion via unlicensed and licensed sportsbooks. The handle also includes private wagers among friends and family.

Out of the 23.2 million players, 7.6 million will wager on the Chiefs vs. Bucs online. It is a 63 percent increase from 2020. However, other betting methods would drop due to coronavirus restrictions. According to bookie software reports, people betting in person will drop 61 percent to 1.4 million. Those who would wager with a bookie will drop by 21 percent to 1.8 million.

Super Bowl LV Betting Handle

People planning to place squares, pools, or similar betting options will be down 19 percent to 4.5 million. Also, according to bookie pay per head solutions sources, people who would wager against friends will drop by 19 percent to 11.9 million.

The AGA didn’t say the total legal handle. However, sportsbook PPH experts said that it would be the biggest total in US legal sports betting history. Americans are shifting from illegal sportsbooks to legal ones.

Thirty-six million American adults more can now wager legally on sports from their home states than in Super Bowl 2020. Out of players who planned to wager on Sunday, 56 percent will bet on Kansas City and 44 percent for Tampa Bay.

According to the survey, 34 percent of Americans saw responsible gambling messages during last year’s Super Bowl. Those who would place bets this year would be more likely to see responsibility messaging. AGA is happy to see its response gaming efforts working in favor of players.