Online PGA Betting is Growing More Popular Right Now

The popularity of sports betting has been growing immensely throughout 2020. More than half the country has now chosen to legalize and regulate this exciting form of gambling. New reports claim that online PGA betting is more popular now than ever before.

It’s interesting news to hear. Today, we’ll talk about how much money bettors are wagering on professional golf this year. We will also take a look at some of the states expected to legalize sports wagering in 2021.

Let’s get into it!

US Sports Betting Revenue Continues to Surge This Year

Back in March, the entire US sports industry completely shut down. It was an unprecedented moment for this moment. It was months before any professional sports leagues began operating again. The UFC made history by becoming the first major league to start holding events again.

Many have been surprised to see sports betting revenue increasing almost every single month. That is particularly true in certain states. New Jersey, for example, has been seeing massive surges in sports betting revenue throughout the year.

In August, New Jersey saw $664 million in sports wagers. This increased to $748 million during the month of September. New Jersey is now known for having the largest and most profitable sports betting industry in the country.

Several states launched their sports betting industries earlier this year. That includes Colorado, which launched its sportsbooks back in May. Revenue from this industry here has increased almost every single month since that time.

State leaders around the country are taking notice of these revenue earnings. Sports gambling is helping to bring some much-needed money right now. Many expect nearly every state to have a regulated sports betting industry within the next few years.

It’s now becoming clear that betting on golf is growing very popular around the country. A new report sheds light on how much money PGA Tour wagers have been bringing in lately!

Online PGA Betting is Growing More Popular Every Month

Professional golf has always had a large and passionate fan base. When compared to sports like football or basketball, however, its number of fans doesn’t compare. That gap seems to be narrowing thanks to the introduction of sports betting.

Back in 2019, gamblers with regulated sports betting industries wagered $13 billion on sports. Online PGA betting made up a very small percentage of that handle. Reports claim golf betting handle came out to $150 million in wagers. In recent months, golf betting revenue has begun to increase.

Several major sports betting companies are now banking on the popularity of this industry growing. Jeff Sherman, an official within the Las Vegas-based sportsbook, Superbook USA, spoke about the potential growth of this industry to the media this week.

“We always treated golf like NASCAR or auto racing—somewhat ancillary sports,” he said. “Lately, golf has accelerated past NASCAR. It’ll never touch betting interest in major sports and college football and basketball, but it’s right behind it. People love to bet a little to win a lot, and that’s exactly what golf offers with so many different golfers, often at high odds.”

Several major sports betting companies are now teaming up with the PGA Tour. Back in August, for example, BetMGM announced that it had signed a major deal with the golf league. This gives BetMGM exclusive rights to promote the PGA Tour’s date and marketing material.

It’s clear that online PGA betting is here to stay. Soon, we’ll see more sports betting companies offering unique golf wagering options. Stay tuned for updates in the near future!

Fun Online Golf Betting Options Available Right Now

As we already mentioned, more than half the country now has a legal, regulated sports betting industry. That doesn’t mean those without a regulated sports betting industry are out of luck, though. There are a huge number of fantastic US online sportsbooks available in every single state around the country.

One of the best ones is BetOnline. This site launched nearly a decade ago and has developed a massive user base. It’s known for offering members a huge range of odds on almost every single sports league.

BetOnline is currently offering some fantastic golf wagering options! Many are choosing to bet on which players manage to win a Major next year. There are some fantastic odds available for the different players.

Think Adam Scott will win a major in 2021? There are currently odds set at +900 that he is able to do so. Winning a PGA Major is no easy task, though. BetOnline gives Adam Scott odds of just -1700 to capture a Major title next year.

Brooks Koepka is one of the best golfers alive right now. Many believe he’ll manage to win one of the Majors before the end of 2021. The odds that he fails to capture a Major stand at -420. Koepka has odds of just +320 to win one of golf’s most prestigious titles.

Online PGA betting is easier now than ever before. Do you plan to bet on this sport in 2021? Let us know in the comments section below!