This yr’s Super Bowl would be the first ever held in Las Vegas and may appeal to a document betting whole amongst Americans when the Kansas Chiefs sq. off towards the San Francisco 49ers on Sunday.
Legal Sports Report (LSR) recently offered an analysis on what to anticipate on the wagering entrance this yr for the massive sport. The website estimated that the nation’s 39 regulated markets will see bets totaling virtually $1.3 billion, topping final yr’s whole of virtually $1.1 billion.
“Depending on how those tickets settle, U.S. sports betting operators stand to win north of $100 million on Super Bowl 58 to close the books on another stellar football season,” the positioning famous.
The American Gaming Association agreed, in accordance with results from new survey. The AGA says {that a} document 67.8 million American adults (26%) are anticipated to wager on the Super Bowl, a 35 p.c enhance over final yr.
“As the Super Bowl comes to Las Vegas for the first time, this year’s record interest in wagering marks a full circle moment for the U.S. gaming industry,” mentioned AGA President and CEO Bill Miller. “Our priority remains getting this opportunity right by providing the consumer protections only a regulated market can guarantee and investing in responsible gambling tools, safeguards and education.”
Growing Pool Of Bettors
Legal, regulated sports activities betting has grown quickly throughout the nation because the Supreme Court cleared the way in which for state-by-state wagering legalization in 2018. LSR estimates that 175 million Americans can now legally wager on this yr’s Super Bowl.
According to the report, 25% of deal with contains parlay wagering, whereas 10% contains excellent futures bets. Super Bowl wagering is normally 0.75% to 1.25% of the annual deal with for a given state, which is the same as about three to 4 typical days of general betting.
Since legalizing on-line betting, New York has turn out to be the nation’s largest market, and is up 20% already to this point this yr. However, Nevada has remained the champion of Super Bowl betting. That might proceed this yr, particularly contemplating the sport can be performed on the metropolis’s Allegiant Stadium.
Inside The Numbers
The 49ers enter the sport as the favourite, with books providing wherever from a 1.5 to 2.5-point unfold. When it involves which workforce bettors are choosing, BetMGM supplied a take a look at some numbers final week.
Despite San Francisco sitting as the favourite, there could have been a little bit of a Taylor Swift impact, with nearly all of bets coming in on the pop star’s boyfriend Travis Kelce and the Chiefs to cowl. There are additionally 5 occasions as many bets on the Chiefs moneyline versus the 49ers. In Kansas, predictably, 93% of bets and 95% of cash is on the hometown favourite to cowl.
Not each prognosticator believes within the Chiefs, nevertheless. Caesars Sports reported {that a} bettor in Michigan put a fair $1 million on the 49ers moneyline at -120.
Per
CaesarsSports</a>, a Michigan bettor dropped $1 million on 49ers moneyline -120 vs. Chiefs. (<a href="https://twitter.com/tdewey33?ref_src=twsrc%5Etfw">tdewey33 first to report)If #FTTB beats #ChiefsKingdom on #SuperBowl Sunday, bettor would revenue $833,333.33. pic.twitter.com/EIJleqku1R
— Patrick Everson (@PatrickE_Vegas) January 30, 2024
The similar bettor additionally wagered $200,000 that 49ers quarterback Brock Purdy can be named the sport’s MVP at +240 and one other $100,000 on the coin toss being tails at -105. If all that hits, the Michigan handicapper would safe a revenue of greater than $1.4 million.
As sports activities betting surges in reputation, much more states are contemplating sports activities betting – together with efforts in California, Hawaii, and Missouri.
*Photo – Twitter
