Despite inflation worries, Americans are expected to increase their Super Bowl spending, according to a recent report. However, more fans are planning to cut back on their expenses for the big game.
Those planning to spend on Super Bowl festivities expect to spend an average of $142, marking a 22% increase from last year’s $116. The main expenses include food, beverages, and fan gear.
Matt Schulz, chief credit analyst at LendingTree stated, “Even though more people are saying they’re going to spend less, the average amount for people who are going to spend was up fairly significantly.”
The report also highlighted that 41% of Super Bowl viewers intend to place bets on the game. Most of these bettors plan to wager smaller amounts, with only 41% expecting to bet $100 or more.
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