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Legal Sports Betting Is Bigger than Ever -- But COVID Could Hurt Bets on the Big Game

By Chris Neiger - Feb 6, 2021 at 6:00AM

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Social distancing could take a toll on wagers this year.

  • Overall wagers could be down 37% this Sunday compared to last year
  • But online bets for Sunday could rise by 63% from 2020
  • DraftKings stock is up more than 300% over the past 12 months, thanks to the rise in online betting

Sports betting is more popular, and legal, than ever, and one of biggest draws for bettors every year is wagering on the Big Game. But, like everything else right now, COVID-19 is having an impact on football betting this year. 

In the video below, we'll take a closer look at why wagers on Sunday's game will likely be lower than usual, and how online sports betting -- fueled by companies like DraftKings (DKNG 0.78%) -- are scratching an itch for those wanting to place bets during socially distant times.

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Stocks Mentioned

DraftKings Inc. Stock Quote
DraftKings Inc.
DKNG
$14.24 (0.78%) $0.11

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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