Super Bowl Wagering Sets New Benchmarks for Sportsbooks.
It was a record-setting Super Bowl for sportsbooks as bettors from throughout the United States placed wagers.
Playing the 57th Super Bowl was the first time in a state where sports betting was legal. Preliminary evidence indicates significant interest in wagering on the big game.
This Super Bowl weekend, GeoComply, is a company that validates the locations where gamblers wager. Super Bowl 57 recorded 100 million sports betting transactions, a 25 percent increase from the previous year. More than 100,000 transactions were validated on Sunday in and around State Farm Stadium in Glendale, Arizona.
FanDuel anticipated handling over 17 million Super Bowl wagers. During its height, the sportsbook accepted 50,000 wagers per second. According to CNBC, it had an average of 2 million active users on its platform throughout the game.
Even in Las Vegas, the nation’s most established sports betting market, the wagering was intense. MGM Resorts announced a new business record for Nevada. The greatest Super Bowl handles in history. It is based on the total amount wagered in its nine retail sportsbooks on the Strip and via the BetMGM app.
BetMGM accepted a $500,000 wager on the Kansas City Chiefs that paid out $525,000. Other individual wages $547,000 to earn $437,000 on the over (49.5 points) of total points scored. Combined, the teams scored 73 points.
One punter wagered $1.68 million on the Chiefs at DraftKings. This payout was a staggering $2.68 million.
Among the winning prop bets was the “Octopus.” A player who scores a touchdown and a two-point conversion for eight points. In the fourth quarter, Philadelphia Eagles quarterback Jalen Hurts won the longshot prop bet, resulting in a payout of $1,400.
For those who bet on the color of the usual Gatorade bath, purple was the winner at odds of 9/1. At BetMGM, only 10% of the money was on purple.
The American Gaming Association represents the casino industry. They predicted that a record 50,4 million Americans would wager $16 billion on this year’s Super Bowl. It doubled the projection from last year. It includes bets with licensed sportsbooks, which the AGA believes are worth approximately $1 billion. Wagers with unregulated offshore sites, bookmakers, and social bets between friends or acquaintances. If this turns out to be accurate, it will treble the estimates from last year.
Already, bookmakers are accepting wagers for next year’s Super Bowl. It will take place for the first time in Las Vegas, the gambling capital of the United States.
- It was the first Super Bowl in a state where sports betting was allowed.
- FanDuel stated that at its peak, it accepted 50,000 wagers each second.
- DraftKings paid $2.68 million to a single wager on the Kansas City Chiefs victory.