In the United States, sports betting industry has become stronger than ever before, accepting more than a hundred billion dollars of wagers from its locals alone. Experts predict that this industry keeps growing in the next few years, despite what it has gone through in the last few months.
The global Covid-19 pandemic has strongly impacted many industries and the sports industry is not an exception with so many major and minor sports events canceled or postponed recently. Due to the lack of sports events, the betting industry suffered quite a bit.
The bright news is that many sports events has returned since June. For example, The English Premier League has already been back on and fans now can enjoy their favorite sports again. Many of them can place their bets on sports once again, such as the EPL.
However, in terms of betting, there are only a few sports events that people usually watch and spend money on wagering. Here are the most wagered sports events in the US.
Commonly taking place from the second week of March until the first week of April, March Madness is a sports event for the National Collegiate Athletic Association (NCAA)’s men’s and women’s college basketball tournaments.
This sports event is considered as the most wagered sports event in the US with more people placing bets on it compared to the NFL matches and even the Super Bowl. The name March Madness describes the excitement that the event brings in the US each year.
The Super Bowl
Super Bowl, the most-watched one-day sports event worldwide, is the championship round or game of the National Football League (NFL) that usually takes place in early February and has an average of 104.3 million viewers every year. The 2018 edition was broadcasted in more than 170 countries around the world.
It is interesting that the Super Bowl’s popularity is extended to non-football fans. Even for those who are not fans of the NFL, they are likely to have heard of it thanks to its celebrity guests, food, and commercials involved in. It is estimated that the Americans alone would bet more than 20 billion dollars for this event each year.