Americans plan to bet $1.8 billion on  FIFA World Cup 2022

Americans plan to bet $1.8 billion on FIFA World Cup 2022

According to an American Gaming Association estimate, wagers could reach $1.8 billion. People will place their wagers online and in person

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rather than with a betting house. According to the association, American bettors offer Argentina, Brazil and the United States the best chance of winning it all.

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This Sunday, the soccer tournament starts. It arrives at a moment when online sports betting is legalized in 31 states and Washington, D.C.

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This compares to three states where legalization was made in 2018, when the World Cup was last held.

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According to Casey Clark (the association's senior vice-president), more states have legalized gambling,

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so this year's World Cup is likely to be the most widely bet-upon soccer event in American history.

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Clark stated that legal sports betting will increase American fan engagement in the sport's most-watched event.

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The World Cup estimate pales when compared to other major sporting events this season -- particularly the almost $8 billion Americans bet on the Super Bowl

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After a U.S. Supreme Court 2018 ruling, states began legalizing online gambling in sports betting three years back.

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The federal law that prohibited betting on football, basketball and other games was struck down by the U.S. Supreme Court.

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According to data from gaming association data, states where sports betting has been legalized have earned millions in additional tax revenue.

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