The American Gaming Association (AGA) has taken an inaugural survey surrounding the World Cup. The results show that 8% of American adults, approximately 20.5 million, plan to wager on 2022 World Cup odds. Projections show that World Cup betting could see upwards of $1.8 billion in wagers across all markets.
US Men’s National Team (USMNT) World Cup Odds
Big Bets On World Cup
For most US sports betting markets, this will be the first World Cup since launching regulated betting. PASPA was repealed in 2018 allowing states to regulate their own betting laws. The World Cup was ongoing at that time. Only a hand full of markets managed to be active in time for betting on the World Cup.
Currently, more than half the country has sports betting options, giving more players access to odds than ever before. This is one of the biggest reasons why the AGA believes so many bettors will be participating in World Cup betting this year.
“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 Casey Clark, AGA Senior Vice President. “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.”
The survey also revealed some key differences in how players plan to wager compared to other sports.
How World Cup Wagers May Differ From Other Events
During events like the Super Bowl or March Madness, most casual bettors participate in unique betting contests. These include things like bracket events, square contests, or any other promotion being run by popular online sportsbooks. The survey, however, revealed that 72% of World Cup bettors will be betting traditional wagers.
Details of the survey also show that 48% of bettors surveyed plan to place action online to just 23% planning to bet at a retail sportsbook. Additionally, 29% plan to bet casually with friends, 20% plan to use a bookie, and 17% plan to participate in a paid pool or fantasy contests.
The 2022 World Cup will bring out several fans participating in the festivities. Players in legal markets can begin wagering on World Cup futures right now.