Which Sporting Events Earn the Most Gambling Revenue?

Discover the most popular sporting events in the world based on revenue and understand the benefits when it comes to using a bonus while betting on sports.

The Sport Events Responsible for the Most Gambling Revenue

Sports betting is an enormous business that occurs around the world on a daily basis. The global income when it comes to the sports betting industry is estimated to be around $1 trillion every single year. In 2017, the sportsbooks situated in Nevada received a staggering $4.68 billion in wagers alone. That’s astronomical to say the least!

So what exactly is everyone betting on when it comes to sports, and which sporting events attract the most wagers? We all know that any online sportsbook makes it easier with a bonus. However, are there deposit bonus codes for every single sporting event and is it worth claiming these exclusive offers?

To get to the bottom of this, we evaluated the biggest sporting events from around the world and determined how much money is wagered on each of them to get a better picture. We also took an in-depth look at deposit bonus codes and determined whether it’s worthwhile to claim these offers when it comes to sportsbetting.

Sporting Events with the Largest Betting Volume

There’s no denying that sports are the most popular events in the world. The myriad of choices are watched by billions of people and gathers millions of wagers at the same time. However, which sports are the most popular in the world and how much do they actually attract in terms of wagers?

Super Bowl

The National Football League is considered king when it comes to the American sports scene. Wagers on the NFL make up more than half of all sports wagers placed in the country, and the Super Bowl is regarded as the most popular betting event that occurs with each sporting season. The Super Bowl LII that occurred in 2018, which witnessed the New England Patriots face off against the Philadelphia Eagles, managed to bring in a mind-blowing $158.6 million in bets at Nevada sportsbooks. This figure managed to break the $138.5 million record that was posted the year before. It’s also worth mentioning that these are figures taken from legal sportsbooks. If you considered the total wagered value, it will be around $6 billion. To give you an idea of how huge sportsbetting is on football, we highly recommend that you watch Two for the Money before you place another bet on the NFL.

FIFA World Cup

Football, also known as soccer in the United States, is considered the most popular sport in the world. It’s also the most prominent sport when it comes to sportsbetting as it attracts the most wagers across the globe. It provides the most exhilarating soccer matches for sports bettors and spectators alike and makes up approximately 70% of the $1 trillion in wagers each year. The most prestigious tournament when it comes to soccer is undoubtedly the FIFA World Cup that takes place every 4 years. Even though it only lasts for a month, it manages to create a plethora of betting opportunities.

The tournament has more than 200 countries that participate during the qualifying stages, allowing everyone to battle it out until only 32 national teams remains on the board. What’s truly impressive is that bettors from across the globe are able to place bets from the very first qualifying match. Even though you won’t find an exact figure of how much is wagered on the FIFA World Cup, it’s estimated to be more than $1 billion.

The Grand National

This is Britain’s most esteemed horse racing event and regarded as the most challenging horse race in the world as jockeys need to complete two laps which are 4 miles in length and contain 30 different jumps. It’s an extremely popular sporting event that even the Royal Family attends each year. Apart from betting pros and seasoned horse racing enthusiasts, it draws more than 600 million viewers which makes it one of the world’s most watched television events, at least the single most event. The Grand National in 2017 witnessed more than $400 million in wagers.

March Madness

This NCAA competition is one of the biggest highlights for bettors and sports fans around the world. It essentially takes 68 teams and allows them to battle it out in 7 single-elimination rounds within a month to see who comes out on top as the national champions. In 2018, the American Gaming Association provided figures that projected that over $10 billion would be wagered on the NCAA men’s basketball tournament – yet only 3% of that figure went to legal betting. However, due to the fact that betting is only legal in a handful of states, $300 million in wagers is a staggering amount of money on a single sporting event.

Kentucky Derby

This is undoubtedly one of the most significant horse racing events within the United States and is also considered the longest-running sporting event in the country. This Kentucky Derby occurs on the first Saturday in May each year at the famous Churchill Down racetrack in Kentucky. A crowd of over 150,000 spectators are drawn to the Run of the Roses which is also referred to as the fastest two minutes in sport. This doesn’t even include the enormous number of spectators watching from home. The 144th Kentucky Derby managed to draw 16.2 million viewers when it aired on NBC. A staggering $209.2 million in wagers was reported by the Churchill Downs racetrack during the event, and the main event managed to draw more than $139 million in wagers alone.

Sportsbetting Bonuses and Deposit Offers

Now that you know the most popular sporting events in the world, and the amount of bets each of them draw from across the globe, it’s quite easy to understand why bettors place an assortment of wagers with sportsbooks. However, do sports bettors make use of deposit bonus codes when they place a bet?

The short answer is yes. Claiming a bonus on your deposit will assist you in placing bets while reducing the risk of losing all your hard-earned money at once. Using a bonus code on your deposit will also help you to read and understand sportsbetting odds through practice, especially if you are new to the world of sportsbetting. It will basically prolong your online sportsbetting experience and allow you to start off on the right foot before you make significant bets on your favourite sports or teams.