US bookmakers are bracing themselves for a record-setting gamble on Super Bowl 55, with over 23 million Americans set to stake in excess of $4.3billion on the massive showdown between Tom Brady’s Tampa Bay Buccaneers and the defending Super Bowl champions, the Kansas City Chiefs.
Sports betting has grown considerably since the Chiefs came storming back to beat the San Francisco 49ers in last year’s Super Bowl, and now 36 million more adults in the United States have an opportunity to bet safely on legal markets in their home state thanks to legislation passed in seven different States.
25 states and Washington, DC have all now legalised sports betting and that has led to a huge jump in betting on America’s favourite sporting past times, with in excess of $21billion being wagered by American adults across 2020, a figure that was up from $13billion that was gambled in 2019.
2021 is now expected to witness another large jump in the amount wagered on sports, with Sunday’s Super Bowl set to smash previous records with bookies preparing to take on $4.3billion in stakes for the Chiefs-Buccaneers clash at Raymond James Stadium.
“This year’s Super Bowl is expected to generate the largest single-event legal handle in American sports betting history,” said American Gaming Association president and CEO Bill Miller. “With a robust legal market, Americans are abandoning illegal bookies and taking their action into the regulated marketplace in record numbers.”
The Kansas City Chiefs are currently -165 favourites to lift the Vince Lombardi Trophy at the end of Super Bowl 55 this Sunday night, with the Tampa Bay Buccaneers considered +145 underdogs as veteran quarterback Tom Brady goes in search of a record-setting seventh Super Bowl ring.
The spread has been set at -3 with the Chiefs -3 currently available at 120 and the Bucs +3 at +100.
Kansas City team-mates Travis Kelce and Tyreek Hill are leading the way at +650 in the First Touchdown Score betting, while it is no shock to see Chiefs quarterback Patrick Mahomes being made a clear -110 favourite to walk away with the Super Bowl Most Valuable Player (MVP) award for the second season running ahead of QB counterpart Brady, the +200 second favourite.