Gambling group estimates U.S. will bet $1.8B on World Cup
NEW YORK, Dec. 29, 2013 /PRNewswire/ — The global impact of the U.S. economy as a whole on the U.S. sports betting industry will reach $1.8 billion in 2012, the 2012 World Cup in Brazil, a new study by Global Gambling Impact & Strategy states. The study predicts another $1.7 billion in wagers on the 2012 and 2013 World Cups alone.
The new report estimates the full global impact of the U.S. economy as a whole on the U.S. sports betting industry of $2.7 billion in wagers in 2012. The full global impact of U.S. economy on the U.S. sports betting industry in 2012 is a total of $4.7 billion, according to the report.
The new report compares the impact of the U.S. sports betting industry on the global economy. In addition, the report discusses the impact of the U.S. sports betting industry, including player development, player participation and revenue. Global Gambling Impact & Strategy also reports the U.S. sports betting industry will be worth as much as $5.9 billion in 2012, up from a previous estimate of $5 billion, which was the highest estimate from the study.
“It’s very hard to predict how sports betting will play out globally given the diversity of sports, markets and geographies, but if you look at the U.S., they’re a huge revenue generator. This year, the National Football League will generate some $500 million in revenue from bet-on-NFL and $400 million each from the NFL, ESPN and DirecTV,” said Matt Schiavenza, executive director, Sports Integrity and Sports Science, Global Gambling Impact & Strategy.
“The U.S. betting landscape is exploding. It already is estimated to be a $30 billion industry. It