According to reports, legal sports betting in the United States alone generated $57.71 billion in 2020. This shows how massive the sports betting industry is and shows no sign of slowing down. This makes one wonder which sports punters bet on the most.
For instance, a legal betting platform in England raked in about $22 million on a particular sporting event. This shows that punters all over the world have favorite sports they love to bet on. Like these instant withdrawal betting sites, many betting sites offer safe, fast, and various payment options.
Popular sports that punters mostly bet on
- Football
Football is the number one sport in the United States that punters bet on the most. It is also the second most-wagered sport worldwide.
For instance, wagers on the NFL make up almost half of all the sports bets that punters place within the United States. The Super Bowl is the most fabulous and popular sports betting event on the calendar.
Reports show that the Super Bowl generated an unbeaten or unsurpassed $158.6 million worth of wagers in 2018. This is the official figure reported.
In 2020, it was reported that as many as 26 million individuals wagered on that year’s Super Bowl. Up to 5 million of these individuals placed their bets via online or mobile platforms.
- Basketball
Basketball is another very popular sport punters bet on the most worldwide. The American Gaming Association reported that up to $10 billion is usually betted on the well-known single-elimination tournament – March Madness.
This is where 68 teams compete against themselves over seven rounds within a month with the grand hope of achieving national champions.
However, this figure covers legal and illegal sports betting. Experts allege that only 3 percent of the $10 billion is wagered legally.
- Tennis
This court game is the number one individual sport worldwide. The high number of tennis sporting competitions or tournaments held annually is perhaps the reason it is the fourth most-wagered sport globally.
The International Tennis Federation conducts up to 1,500 tennis tournaments every year. Each tournament comprises approximately 93,000 matches. This means tennis lovers can bet on any game they desire.
For instance, the most prestigious tennis competition is the Wimbledon tournament held in England. Reports reveal that over one billion individuals worldwide tune in to watch Wimbledon at one point or the other during the tournament.
Conclusion
The sports betting industry rakes in massive amounts of money worldwide and keeps growing yearly. This is possible because people love and bet more on some popular sports events than others.
The top three sports that punters bet on are football, basketball and tennis.
