With much more specifies introducing and broadening legal sports betting, PlayUSA.com is estimating $20 billion in betting and $1.5 billion in income during the 2021 NFL and college football seasons.
Bettors could pour much more than $20 billion in wagers on NFL and college football games during the 2021 season, according PlayUSA.com, a sport betting market tracker.
If these estimates show correct, it could result in as much as $1.5 billion in income for legal U.S. sportsbooks. considerable variables such as when a slew of new markets introduce later this year make a accurate prediction difficult, but the football-related deal with in 2021 could triple the estimated $7.5 billion bet on football during the 2020 season.
“Propelled by the introduce of legal sports betting in fairly large specifies like Michigan and Virginia earlier this year, in addition to specifies such as Arizona that are expected to introduce near the beginning of the NFL season, the U.S. market has grown considerably because the beginning of the 2020 football season,” stated Dustin Gouker, lead analyst for the PlayUSA.com network. “The U.S. sports betting market looks entirely different than it did just one year ago. There is no concern that it will be a historic football season unlike any we’ve seen before.”
According to PlayUSA projections, the 2021 football season will bring:
At least $12 billion will be bet on the NFL this season. Those wagers will produce at least $800 million in revenue; and
College football will attract $8 billion in wagering. Sportsbooks could win much more than $550 million from those wagers.
Since the end of 2020, Michigan and Virginia have effectively introduced full-scale sports betting to become the fifth- and seventh-largest markets in the U.S., respectively. The most significant variable could be which specifies introduce during the football season. Arizona, Connecticut, Florida, Louisiana, Maryland, Nebraska, new York, South Dakota, Washington, Wisconsin, and Wyoming could all potentially Camiseta Selección de fútbol de Bélgica introduce or expand sports betting in some form by the end of the 2021 season.
In addition, college football ought to play a much more robust routine after a pandemic-marred 2020, and operators are expected to invest millions in promotions around football. new operators have also made marks, including upstarts such as the Barstool-branded app, which has broadened its footprint considerably because the 2020 football season. It also includes prominent newcomers such as SI Sportsbook based on the sports Illustrated brand, which just recently introduced in Colorado and is expected to expand its reach with the year.
In fact, Colorado leads all markets with 26 sportsbook brands active in the state. new jersey is the next closest with 20.
“The expansion of sports betting over the last year has been relentless, with far much more legal markets and much more operators than ever before,” stated Eric Ramsey, data analyst for the PlayUSA.com Network. “That has made Camiseta SL Benfica the industry ultra-competitive, with football being a litmus test of sorts for the coming year. operators such as DraftKings and FanDuel are gearing up for massive football-related media campaigns to drive clients to their sites, harkening back to the days of the advertising onslaught both operators made surrounding Camiseta River Plate daily fantasy sports in 2015.”