Tag: Super Bowl

Sports Events That People Most Bet On (part 1)

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.

March Madness

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.

The Sporting Events Have the Biggest Betting Volume in the US (part 1)

Sports betting is a big international. The estimated global income for the sports betting industry is about between $700 billion and $1 trillion per year. But what is everyone betting on? Which sporting events take the biggest bucks in the field of sports betting, especially in the US? Let’s take a look at some of the world’s most popular sporting events and discover just how much money is wagered.

The FIFA World Cup

Football (soccer) is the world’s most popular sport, and it makes sense that it pulls in the most money. Each year, it’s estimated that soccer makes up 70% of the above-listed $1 trillion!

The FIFA World Cup is the ultimate tournament in the football calendar, occurring every four years. In spite of a runtime of just one month, the FIFA World Cup offers an enormous amount of betting opportunities.

The competition kicks off with 210 countries participating in the qualifying rounds, then battling it out through different stages to make the final 32. Bettors from around the world are able to place wagers each step of the way. Although there aren’t any official figures as to how much is bet worldwide during the entire tournament, it’s estimated to be more than $260 million.

The Super Bowl

If we focus on the American scene, the National Football League is king. Bets on the NFL make up almost half of all sports bets placed, with the Super Bowl being the single most popular betting event during the sporting year.

The 2018 Super Bowl LII, which saw the Eagles stick it to the Patriots, brought in a record-breaking $158.6 million worth of wagers at Nevada sportsbooks. This staggering figure broke the record of $138.5 million wagered during the Super Bowl LI the previous year.

Of course, these are only the official (legal) figures. According to estimates made by the American Gaming Association, the real total wagered was likely in the region of $4.76 billion.