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Super Bowl betting surges in US as states legalize gambling

As legal sports gambling surges, the number of Americans betting on the Super Bowl and the amount of money wagered soars.

According to industry groups, an estimated 1 in 5 U.S. adults gambles of some kind, betting a whopping $16 billion, or twice as much as last year.

Even though legalized gambling is widespread in two-thirds of U.S. states, independent analysts say that advertising in casinos, racetracks, or sports can make up the total amount wagered on Sunday games. Only about $1 billion goes through companies like FanDuel and DraftKings, which have become ubiquitous. event.

In other words, the majority of people still bet with friends and family, join office pools, or take chances at bookmakers.

More than 50 million Americans are expected to bet on the national championship game between the Philadelphia Eagles and Kansas City Chiefs, according to the American Gaming Association, with an estimate of 2,199 adults nationwide. based on popular online surveys. This is his 61% increase from last year.

An employee at the Ocean Casino Resort in Atlantic City, New Jersey, helps a customer scan a sports betting code using a mobile phone on February 6, 2023.

Addiction experts say aggressive advertising contributes to an increase in problem gambling.

“As sports betting grows, so does the risk of gambling problems,” said Keith White, executive director of the National Council on Problem Gambling.

Thirty-three states and Washington DC now offer legal sports betting, and more than half of American adults live in one of these markets.

“Every year, the Super Bowl serves to highlight the benefits of legal sports betting,” said Bill Miller, president and CEO of the Gambling Association. “Betters are moving to protect regulated markets…and legitimate operators are bringing much-needed tax revenue to states across the country.”

But legal sports betting is still only a small piece of the pie.

Eilers & Krejcik Gaming Research, an independent California analytics firm, estimates that just over $1 billion of this year’s Super Bowl bets will be legal. The main states are: Nevada ($155 million). New York ($111 million); Pennsylvania ($91 million); Ohio ($85 million) and New Jersey ($84 million).

Research firms estimate that 10% to 15% of that total is wagered live after the game starts. An additional 15% to 20% comes in the form of parlays in the same game or combinations of bets related to the same game, such as wagering on the winner, total points earned, or passing yards accumulated by Eagles quarterback Jalen Hurts. increase.

As legal sports betting grows, there are also concerns about its impact on people with gambling problems.

The National Problem Gambling Council has conducted a nationwide investigation since New Jersey won a case in the U.S. Supreme Court in 2018, paving the way for all 50 states to offer legal sports betting. They ask questions such as “Have you ever borrowed money to gamble?”

Between 2018 and 2021, the number of people who said they were at risk of gambling problems increased by 30%, said White, the council’s executive director.

He added that the Super Bowl provides an opportunity to see how well responsible gambling messages and campaigns by sportsbooks and professional sports leagues are working.

On Tuesday, New Jersey gambling regulators will analyze the data sportsbooks collect about their customers looking for evidence of problem gambling and take a range of steps to intervene with these customers when warranted. announced new requirements for

New Jersey Attorney General Matthew Platkin said, “It’s no coincidence that our announcement comes a week before the biggest day in sports betting, and just how devastating gambling addiction can be. remind me.

https://www.voanews.com/a/super-bowl-bets-surging-in-us-as-states-legalize-gambling-/6955403.html Super Bowl betting surges in US as states legalize gambling

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