$16 Billion Projected To Be Bet On Super Bowl 57
Super Bowl 57 between the Philadelphia Eagles and Kansas City Chiefs is set to break some major records. A new survey from the American Gaming Association (AGA) has revealed that a massive amount of American adults will be betting on the big game, and the bets are expected to be major.
The game is taking place this Sunday, and with plenty of bets expected to flow in, let’s look at the details of the survey and see what to expect from Super Bowl 57.
61% More American Adults Will Bet On This Year’s Super Bowl
One of the most interesting pieces of data to look at with the release of the American Gaming Association survey is the massive increase in adults that plan to wager on the big game. 50.4 adults million are projected to bet on the game, which would signify a 61% increase from last year.
This expected number would make up 20% of adults in America. Additionally, the survey says that a total amount of $16 billion will be bet on the game, which is more than double the projected amount from Super Bowl 56.
While the handle for mobile sportsbooks and retail sportsbooks is expected to heavily increase, casual betting among friends is expected to increase a large amount as well. In fact, the survey reflects that 50% more individuals (approximately 28 million) will bet with friends rather than a standard sportsbook or engage in a squares competition or betting pool.
🚨🏈 NEW: A record 50.4M American adults (20%) plan to wager an estimated $16B on #SuperBowlLVII, according to AGA’s annual Super Bowl wagering survey. The expected number of bettors is a 61% increase from 2022.
See full #SBLVII betting projections ➡️ https://t.co/eDcTvqpSQd pic.twitter.com/v7vk3nqhVJ
— American Gaming Association (@AmericanGaming) February 7, 2023
Growth Of Legal Betting Is A Driving Factor
The fact that so many areas have launched legal betting markets since last year’s Super Bowl is undoubtedly a major reason for these growing numbers. Ohio sports betting was the most recent to launch on January 1st, 2023, joining other areas looking to bet on the Super Bowl for the first time such as Kansas, Maryland, and Ontario.
NFL betting is also very popular on its own, and the AGA report indicates that 34% of pro football bettors find games more exciting when they wager on them.
🏈👀 AGA's #SuperBowlLVII wagering estimates are out tomorrow!
How many American adults do you bet plan to wager on this year's big game?
— American Gaming Association (@AmericanGaming) February 6, 2023
Super Bowl 57 Expected To Be A Close Game
The Super Bowl has given us some excellent matchups in previous years, and this year’s big game should be no different. The Kansas City Chiefs and Philadelphia Eagles both finished with 14-3 records in the regular season, tying for the best records in their respective conferences and locking up first round byes in the postseason. The Chiefs are returning to the big game after last bringing home the Lombardi Trophy in Super Bowl 54, in which they beat the San Francisco 49ers 31-20.
However, they lost to the Tampa Bay Buccaneers in the championship game the following year. The Eagles have had some recent title success of their own, bringing home the title in a 41-33 win over the New England Patriots in Super Bowl 52. The game features two league MVP candidates at QB in Patrick Mahomes and Jalen Hurts, both of whom are heavily favored to be the Super Bowl MVP as well.