Super Bowl betting projected to hit record $16 billion

The total amount expected to be wagered on this year’s Super Bowl is more than double the amount from last year as the legal sports betting market keeps growing.

ATLANTIC CITY, N.J. — A record 50.4 million American adults plan to bet on this year’s Super Bowl, wagering a total of $16 billion, the gambling industry’s national trade group predicted Tuesday.

The American Gaming Association forecasts that 1 in 5 American adults will place a bet on Sunday’s NFL championship game between the Philadelphia Eagles and the Kansas City Chiefs.

The estimate includes legal bets, and those placed with illegal bookies or casually among friends or

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