AGA: 20.5 million Americans to wager US$1.8 billion on FIFA World Cup

Unlike other major events like the Super Bowl and March Madness that have significant casual betting components, including bracket or squares contests, the vast majority of World Cup bettors (72%) plan to place traditional bets either online, with a bookie or at a physical sportsbook.

Of World Cup bettors:

• 9.8 million (48%) plan to place a bet online.
• 6.0 million (29%) plan to place a casual bet with a friend.
• 4.7 million (23%) plan to place a bet at a physical casino sportsbook.
• 4.1 million (20%) plan to place a bet with a bookie.
• 3.5 million (17%) plan to place a bet as part of a paid pool or fantasy contest.

The survey also found the majority (78%) of World Cup bettors say it is important for them to place their bets legally.

“As the first World Cup with widespread availability of legal sports betting, this will certainly be the most bet-upon soccer event ever in the U.S.,” said AGA Senior Vice President Casey Clark. “With more than half of all American adults having access to legal betting options in their home market, legal sports betting will deepen American fan engagement in the most-watched sporting event in the world.”

Additional survey results include:

• Three in 10 (29%) American adults who plan to watch the World Cup intend to wager on the tournament.
   
• Gen Z (11%) and Millennial (14%) adults are more interested in betting on the World Cup than Gen X (8%) and Baby Boomers (2%).
   
• If they were given $50 to bet, most Americans would put their money on the United States (24%) to win the World Cup, followed by Brazil (19%), Argentina (17%) and Germany (10%).

“As the World Cup kicks off, anyone getting in on the action should have a game plan to bet responsibly. That means setting a budget, keeping it fun, learning the odds and playing with legal, regulated operators,” Clark added.

Source: GMB