Sports Events with the Biggest Betting Amounts
Sports betting is one of the biggest world industries with annual global revenue of about 700 billion dollars to 1trillion dollars. In 2017, Nevada recorded 4.68 billion dollars in bookmaker betting.
Several sports events make more money in the betting industry than others, and this article has picked the 5 world’s most famous sports and their estimated stakes. Go to Liontips.com for more sports betting news, tips and predictions.
The FIFA World Cup
Football (Soccer) is the world’s most important sport, and it holds a greater percentage in the wagering world. Every year Football rakes up about 70% of the world’s annual sports revenue.
The FIFA World Cup, which happens every four years, is the most prominent competition in the football program. The world cup gives bettors massive wagering opportunities regardless of having a short duration of one month.
The tournament begins with 210 countries playing qualifying matches in different stages to be one of the 32 playing for the finals.
Punters all over the world place bets on each match until the end. It is estimated that the amount bet for the Fifa World Cup is about 260 million dollars.
The Grand National
Britain’s horse racing festival is one of the most viewed world events. Members of the Royal Family and Elites attend this event. The competition is attended. It’s also one of the world’s most difficult horse racing events, with two laps of a racetrack and 30 jumps.
The 2017 tournament’s betting figure was about 400 million dollars.
March Madness
The NCAA event is one of the sports spotlights for gamblers. It involves 68 squads competing in seven single-elimination rounds in one month, with the winners becoming the national champions.
The American Gaming Association predicted that gamblers would stake over 10 billion dollars during the 2018 NCAA men’s basketball competition.
The Super Bowl
The NFL is another sport that takes a big pie in the betting world. In America, the super bowl has the upper hand in the bets placed every year.
The match between the Eagles and Patriots in the 2018 Super Bowl LII set a groundbreaking record of about 158 million dollars in stakes at Nevada bookmakers.
It broke the record of the previous year’s Super Bowl LI, which produced about 138.5 million dollars.
The American Gaming Association estimates the actual amount wagered in Nevada in 2018 to be about 4.76 billion dollars.
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Kentucky Derby
The Kentucky Derby is one of the oldest and prominent horse racing tournaments in the USA.
The annual event happens on the first Saturday of May and draws more than 150 000 viewers at the Churchill Downs racetrack in Louisville, Kentucky. And millions of viewers on NBC.
The 2016 horse race event saw a 209.2 million dollars wagers over 14 racecards, while the major tournament raked more than 139.2 million dollars, beating the 2015 record.
Conclusion
The sports betting industry has enormous wagering figures, and every year the figure keeps increasing. These four sports events make up the central part of its growth.