Super Bowl Bets Forecast to Reach New Record in 2023 with $1.1bn

Super Bowl LVII is projected to receive a record number of bets this year, as bettors prepare to place an estimated $1.1 billion on the Philadelphia Eagles against the Kansas City Chiefs.

The forecasts published by PlayUSA highlight the growing number of citizens in the US who have not only become very interested in sports betting, but are now also legally able to gamble thanks to new legislation.

Last year’s Super Bowl racked up a combined total of $947 million in legal betting, but the upcoming title decider on February 12 is strongly expected to surpass that record with an estimated $1.1 billion. This would not only be the highest wagering figure in Super Bowl history, but would likely be the highest wagering figure ever wagered on a single US sporting event.

The states where sports betting is most prevalent will account for approximately 56.5% of all bets, or $621.9 million of the total figure; these are likely to be Nevada, New York, New Jersey, Illinois, and newly legalized Ohio, which despite only passing legislation as late as last month, could generate more than $80 million in Super Bowl betting.

Elsewhere, last year Maryland transitioned from site-only betting to online betting, while Kansas and Massachusetts joined Ohio in legalizing gambling, meaning 33 states can now access sportsbooks. approved sports.

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What about bettors on Super Bowl competitors?

Although a bit misleading, the Kansas City Chiefs actually play in Missouri, where sports betting is still illegal. However, this will be the first year that legal sportsbooks have been operational in Kanas, so it is highly likely that fans will cross state lines to place their bets.

Total home bets on the Chiefs are estimated to exceed $17.6 million, but fans in Philadelphia in Pennsylvania, where sports betting has been alive for six years, are expected to be among the six states with the highest stakes with $65 million in stakes.

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