The predicted $1.8 billion in betting on the 2022 FIFA World Cup
An initial study on World Cup wagering was done by the American Gaming Association (AGA). According to AGA, 20.5 million American adults (or 8%) plan to wager a combined $1.8 billion on the 2022 FIFA World CupTM, demonstrating the enormous interest in the most viewed football tournament in the world.
Regulatory issues absent:
In order to watch the most popular football competition, over one third (29%) of American adults want to wager on the FIFA World Cup. In addition, the majority (78%) of World Cup bettors stated that it is crucial to them that their wagers are placed legally and with legitimate bookmakers. It is clear that the bettors want to enjoy the World Cup without worrying about regulations.
channels for putting bets:
Regarding the worries about gambling, 9.8 million (48%) World Cup gamblers want to do so online, while about 6.0 million (29%) plan to utilise the services of sports betting operators sporadically as part of the enjoyable watching experience with family and friends.
While 4.1 million (20%) of bettors intend to put a wager with a bookie, 4.7 million or 23% of bettors would prefer to place their wagers at a real-world casino sportsbook. 3.5 million, or 17% of World Cup gamblers, are now prepared to include their wagers in a paid pool or fantasy competition.
Betting online is preferred:
The vast majority of World Cup gamblers (72%) are prepared to put conventional bets online, through a bookmaker, or in a physical sportsbook, according to the AGA poll. This kind of betting differs from those associated with other large events that offer considerable opportunity for casual wagering, such as the Super Bowl or March Madness.
"As the first World Cup with broad legal sports betting availability, this will undoubtedly be the biggest bet-upon football tournament in American history. Legal sports betting will increase American fan involvement in the most-watched athletic event in the world since more than half of all American adults have access to legal betting choices in their home market, according to AGA Senior Vice President Casey Clark.
deciding factor in football wagers:
FIFA estimates that the 2018 World Cup will generate a total of $146 billion in revenue, yet only three US states—Delaware, Nevada, and New Jersey—allow for legal sports betting. However, these are often only available in stores. Operators thus anticipate that the World Cup will mark a turning point in football betting.
The report quoted Alex Dubin, the CEO and founder of BettorOff, as saying, "There is an exciting intersection of interest and opportunity surrounding the World Cup."
Dubin is looking forward to seizing the chance: "As professional football and online sports betting explode across the US, we expect this World Cup to be a tipping point for football fans and bettors across the country."