• Loading stock data...
Wednesday, June 19, 2024

World Cup Bets Expected to Hit $35B

  • The World Cup is expected to see a 65% increase in sports bets from the 2018 tournament.
  • U.S. bettors planned to place $1.8 billion in bets.
Brazilian attacker Raphinha dribbles at Swiss defender during World Cup match up
Danielle Parhizkaran-USA TODAY Sports

Analysts are expecting a massive increase in sports betting on this year’s World Cup compared to the 2018 tournament.

Barclays analysts claim the tournament is expected to see $35 billion in wagers. That figure would be a 65% increase from four years ago.

The tournament’s nine draws to date have been favorable to sportsbooks since most bettors pick one team to win.

American soccer player Christian Pulisic scores volley past Iranian goal keeper in World Cup match up

USMNT Earns $13M For Advancing To World Cup Knockout Stage

With a 1-0 victory over Iran, USMNT finished second in Group B.
November 29, 2022

High Stakes for U.S.

While Europe is likely the bigger hub for World Cup bets, the U.S. is enjoying its first tournament since legal sports betting became widespread in the country.

  • During the 2018 World Cup — for which the U.S. did not qualify — sports betting was legal for around 10 million Americans.
  • It is currently legal for roughly 132 million

According to the American Gaming Association, 20.5 million Americans planned before the tournament to place a total of $1.8 billion in World Cup bets.

With the U.S. advancing to the knockout stage after its 1-0 victory over Iran on Tuesday, U.S. bettors will be able to bet on the national team for at least one more game.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Spring Football’s Future: UFL’s Mixed Results, Ambitious Changes Ahead

“You really need deep pockets,” former XFL commissioner Oliver Luck tells ‘Front Office Sports.’

Leagues’ Disclosure Demands Add Complexity to DSG’s Bankruptcy Exit

The bankrupt regional sports network operator makes an emergency motion for a discovery conference.

Major Selling Point for Cities Pushing New Stadium Projects: Big Events

Several jurisdictions have mentioned events such as the Super Bowl as part of the impetus to build or renovate stadiums.

College Bowl Games Using NIL Contracts ‘Right Around the Corner’

The top executive of Bowl Season envisions a complicated future.
podcast thumbnail mobile
Front Office Sports Today

The Major Implications of the SCOTUS Sports Betting Decision

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.
Mar 11, 2024; Denver, Colorado, USA; Toronto Raptors center Jontay Porter (34) reacts after a play in the third quarter against the Denver Nuggets at Ball Arena.

Conspirator Arrested in Federal Complaint Tied to Jontay Porter Scheme

Authorities arrested Long Phi Pham at JFK airport Monday.
Tucupita Marcano
June 4, 2024

Lifetime Ban Is More Proof of Sports’ Complicated Betting Relationship

MLB suspends five players, including one permanently, for betting on big league games.
Dec 14, 2023; Los Angeles, CA, USA; Ippei Mizuhara, the translator for Los Angeles Dodgers designated hitter Shohei Ohtani, during an introductory press conference at Dodger Stadium.
June 4, 2024

Shohei Ohtani’s Former Interpreter Pleads Guilty to Stealing $17 Million, Tax Fraud

Mizuhara faces up to 33 years in prison, with sentencing in October.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
Jul 9, 2023; Phoenix, Arizona, USA; Pittsburgh Pirates Tucupita Marcano (30) fields a ground ball against the Arizona Diamondbacks at Chase Field.
June 4, 2024

MLB Bans Padres Infielder for Betting on Baseball, Suspends Four Others

On the Pirateslast season, Tucupita Marcano bet on Pittsburgh’s own games.
June 3, 2024

Padres Infielder Could Face Lifetime MLB Ban Over Gambling

As a Pirate last season, Tucupita Marcano allegedly bet on Pittsburgh games.
DraftKings
May 30, 2024

More States Hiking Sports Betting Taxes, Eyeing Revenue Windfall

Illinois more than doubles its peak tax rate on sportsbook operators, with others likely to follow.
May 20, 2024

MLB Officially Investigating Gambling Allegations Against Ohtani’s Close Friend and Longtime Teammate

David Fletcher reportedly used the same bookmaker as Ohtani’s former interpreter.