Olympics Sports Betting Trends
If you’re planning on some sports betting on the upcoming 2020 Tokyo Olympic Games, it may hearten you to know that some 20 million American citizens plan to do the very same.
After a final, heart-stopping, for some, delay due to the ongoing crisis around the novel coronavirus COVID-19, the Games have finally been given the green light. And sports betting sites have started providing odds on some of the most popular events for the American market.
An 8% Rise in Bettors
After the bitter disappointment for fans of the Games last year, the Summer Olympics will finally begin in The Land of the Rising Sun and the world’s best athletes will take on one another for the Gold. And there’s going to be more action in 2021 in light of sports betting as well, thanks to the United States of America.
20 million adults are interested in wagering on their favourites, according to a American Gaming Association poll, equivalent to 8% of the population. This is partly due to the recent legalisation of betting in the country.
Results of the AGA Survey
54% of the people polled expressed an interest in the Summer Games as a whole and 25% of these said that they planned to wager at least once over the course of the two-week contest. The vote was conducted by Morning Consult on behalf of the AGA between July 9th and 12th 2021 and a sample of 2 200 adult Americans took part.
Not everyone will be taking advantage of sports betting sites, however. The study found that, while 43% of those interested in wagering would do so, 47% preferred a casual bet with friends and 16% planned on visiting a land-based bookmaker.
The Two Top US Markets
In a relatively predictable move, sports betting interest focussed on Basketball. With the NBA recently coming to a close with the Milwaukee Bucks’ victory over the Phoenix Suns, Americans are obviously excited about seeing a game unfold again so soon.
And although Gymnastics is not a sport usually associated with sports betting, this event is one of the top choices at the Games this year. Simone Biles’ stellar performance in 2016 which ended in a Gold medal is no doubt the reason for this year, and the star athlete is taking part this year too. Sports betting sites are backing her to win for the USA in both the All-Round and Artist Team events.