How Much Do Americans Bet On Boxing?

While football, baseball, basketball and hockey take up the majority of the american sportsbetting handle boxing still remains a force. Boxing only takes up 1-2% of total the total betting action, but major fights draw in numbers that can rival the Superbowl. The Floyd Mayweather vs Conor McGregor fight had one gambler bet $1.2 million alone at the MGM Sportsbook in Las Vegas. It is estimated that roughly $600 billion+ is wagered on sports annually in America meaning that at 1-2% of the handle boxing draws in anywhere from $500 million to 1 billion annually.

The biggest bets have almost always been taken in Las Vegas until recently. Sportsbooks in New Jersey took in over $400 million in total bets in January and the limit to how much you can bet is unlimited. While each sportsbook takes bets at their own discretion it is rare that major Jersey sportsbooks will turn down million-dollar boxing bets. The same goes for Pennsylvania where the sportsbooks will cater to the big players willing to plunk down seven figures. SugarHouse sportsbook currently is the leader in wagering in PA and has confirmed that they will take huge bets on single boxing matches.

Betting on boxing online is most Americans preferred method of wagering, but many online sportsbooks have betting limits on single fights. In general, US online sportsbooks and betting apps have a maximum betting limit of $1000 to $5000 for a single boxing match. Bigger online sportsbooks like Unibet however have a betting maximum of $20,000 if the bet is called in on the phone. Smaller bouts have a more restricted betting policy at Fox Bet where fights on the undercard of a major title fight have a $5000 maximum bet.