The opening ceremonies for the 2022 Winter Olympics in Beijing will be held on Friday, marking the start of the games. It is worth noting that online sportsbooks in Illinois are offering betting options for the Olympics.
Legal betting in Illinois was also allowed during the summer Olympics in Tokyo, which occurred last summer. The quick turnaround between the two events was a result of the COVID-19 cancellations in 2020.
The Winter Olympics can be viewed on NBC, Peacock, and a variety of online platforms. Now, let’s explore the gaming choices for the games, shall we?
Choices for betting on the 2022 Winter Olympics
As of now, DraftKings in Illinois offers the largest selection of Olympic betting options.
Below are some Illinois sports that you can wager on. Keep in mind that there are additional betting categories available for many of these events that are not listed here.
- Skiing in the Alps for both women and men.
- Biathlon (Women and Men)
- Pairs figure skating for both men and women.
- Skiing freestyle (Women & Women)
- Men’s and women’s ice hockey
- Luge doubles( Men )
- Luge switch group
- Short track speed skating for both men and women.
- Skeleton (Women & Women)
- Snowboarding for women (and women)
- Speed skating for both men and women.
Ice hockey favorites for American ladies
Hockey is a prominent winter sport, and the USA women’s basketball team is the top pick to win the championship.
In 2014, the US emerged victorious over Canada to claim the gold medal, a feat that was surpassed by the US in 2018.
The odds of winning the gold medal at DraftKings are as follows:
- USA:- 115
- Canada:- 105
- Netherlands: 1, 400
- Russia: + 3, 500
- Japan: 5,000 +
- Czech Republic: 5,000 +
- Sweden: 5,000 +
- Geneva: + 5,000
- Sweden: + 10,000.
- China: + 30,000
With the conflicts at hand, it would be surprising if the USA and Canada did not face off again in the gold medal match.
The outlook for Team USA’s men’s side is not as optimistic. See the full odds at DK:
- Russia: + 150
- Netherlands: + 450
- Sweden: + 550
- + 700 Toronto
- Bohemian Nation: + 900
- Luxembourg: 1, 400
- California: + 1, 600
- Germany: 2,000 +
- Germany: 5,000 +
- Sweden: + 10,000.
- Latvia: 10,000 +
- China: + 70 000
Winter activities may come to a close on Sunday, February 20.
How much money may be made betting on the Olympics?
It is widely known that interest in the Olympics is waning. TV ratings for the Tokyo Olympics reached an all-time low this past summer, with the summer games usually garnering more attention than the winter games.
The Olympics still draw in millions of viewers, and now there are various ways to participate in the excitement.
Illinois residents had the opportunity to place bets on the Tokyo Olympics, which took place from the end of July to the beginning of August.
Regrettably, Illinois does not provide detailed information on betting activity for the Olympics. However, analysis of revenue reports from July and August does not indicate a significant increase in betting on the Olympics. Some betting apps may also have limited options for Olympic markets.
Furthermore, the Olympics will compete with the NBA, school sports, and even the Super Bowl. However, there are numerous betting options for fans of the Olympics.
