NFL Season Kicks Off with Chiefs vs Ravens, Betting Expected to Hit Record $35 Billion

Football Season Kicks Off

The NFL regular season begins with a highly anticipated matchup between the reigning Super Bowl champion Kansas City Chiefs and the Baltimore Ravens. While the game itself is sure to draw a large audience, the game will also be significant for the amount of money expected to be wagered on it. According to the American Gaming Association, an estimated $35 billion will be bet on the NFL in 2023, a record high.

The NFL's popularity has been growing in recent years, and this is reflected in the increasing amount of money being wagered on the league. In 2022, an estimated $25 billion was bet on the NFL, and this number is expected to increase to $35 billion in 2023.

Legalized Sports Betting

The increase in NFL betting is due in part to the legalization of sports betting in more states. In 2018, the Supreme Court ruled that the Professional and Amateur Sports Protection Act (PASPA) was unconstitutional, paving the way for states to legalize sports betting. Since then, over 30 states have legalized sports betting, and many more are considering it.

The legalization of sports betting has made it easier and more convenient for people to bet on the NFL. In the past, people had to go to a casino or a sportsbook to bet on games. Now, they can bet on games from the comfort of their own homes through online sportsbooks.

Online Sportsbooks

The rise of online sportsbooks has also contributed to the increase in NFL betting. Online sportsbooks offer a variety of betting options, including point spreads, moneylines, and over/unders. They also offer bonuses and promotions to attract new customers.

Online sportsbooks have made it easier for people to bet on the NFL, and they have also helped to increase the amount of money being wagered on the league. In 2023, an estimated $35 billion will be bet on the NFL, and a significant portion of this money will be wagered through online sportsbooks.