How Much Money Will Be Bet On The Super Bowl
They say scared money don’t make money, and that’s certainly true.
But when you have enough money to bet $2.3 million on a single thing, what is there to really be scared of?
- Many fans would be keen to use risk-free bet offers for a free shot at the Super Bowl winner at advantageous odds. For instance, if you bet on the Buccaneers to win the Super Bowl before they.
- 5 Options for Real Money Betting on Super Bowl 55 Online Super Bowl Betting Apps. The easiest and most popular way to bet on the Super Bowl is a perfect marriage between sports and technology. Thanks to innovation and tech growth, you’re now able to bet.
- And with over $6 billion bet annually on the game, we’d be remiss not to lead off talking about how impactful Super Bowl 2021 betting is to the entire picture. In this guide, we’re going to cover literally.
- Super Bowl Public Betting Data 2021 According to OddsFire, 68% of the spread bets.
Updated February 4, 2020. The most popular sport to bet on is the NFL, making the Super Bowl one of the most bet on individual events in all of sports each year. This was evident again this past year as the.
That’s what someone bet on the Tampa Bay Buccaneers on Sunday. They’re +3.5 on the spread. Someone bet $2.3 million that they’d be able to cover against the Chiefs, according to Bet MGM.
And if they do cover, the person who placed that bet will get a cool $2 million back. Talk about getting a bang for your buck. Or…your Bucs.
Don’t worry. I’ll see myself out.
When you’re already betting $2.3 million, another $2 million is certainly not life-changing money for this bettor. But it’s still a lot. Good luck, I guess.
We’re still waiting on more states to report, but legal Super Bowl betting already topped 2020‘s total.
So far, handle from 13 states plus Washington DC reporting full or preliminary results on Super Bowl 55 totaled $443.7 million:
Legal betting states reported more than $280 million in handle last year with the full US estimated around $300 million. PlayUSAexpects more than $500 million in legal US Super Bowl bets this year.
Not every state will break out details specifically for the game. States that will not do so include:
How Much Money Is Bet On The Super Bowl Worldwide
There were seven additional legal jurisdictions taking bets this year, which led to more than three times the online betting transactions over Super Bowl weekend compared to last year. That number could have been higher had multiple sportsbooks not struggled with outages before and during the game.
| State | 2021 Handle | 2020 Handle | 2021 Revenue | 2021 Hold | 2021 Tax/State Revenue |
|---|---|---|---|---|---|
| Colorado* | $31,200,000 | N/A | N/A | N/A | N/A |
| Delaware | $1,900,000 | $2,100,000 | $226,000 | 11.9% | N/A |
| Illinois | $45,610,513 | N/A | $7,659,269 | 16.8% | $1,148,890 |
| Iowa* | $16,300,000 | $6,500,000 | N/A | N/A | N/A |
| Mississippi* | $8,000,000 | $6,700,000 | N/A | N/A | N/A |
| Montana* | $493,000 | N/A | $11,000 | 2.2% | N/A |
| Nevada | $136,096,460 | $154,679,241 | $12,574,125 | 9.2% | $848,753 |
| New Hampshire | $7,100,000 | $2,310,000 | -$1,700,000 | -23.9% | N/A |
| New Jersey | $117,400,000 | $54,300,000 | $11,300,000 | 9.6% | N/A |
| Oregon | $3,465,472 | $2,000,000 | $696,230 | 20.1% | N/A |
| Pennsylvania | $53,634,680 | $30,693,942 | $9,394,271 | 17.5% | N/A |
| Rhode Island* | $6,500,000 | $5,500,000 | N/A | N/A | N/A |
| Tennessee* | $15,427,000 | N/A | $2,801,000 | 18.2% | N/A |
| Washington DC | $544,292 | N/A | -$9,546 | -1.8% | N/A |
| Total | $443,671,417 | $264,783,183 | $42,952,349 | N/A | N/A |
*Denotes preliminary results
Nevada leads Super Bowl betting handle
Even with travel and casino occupancy limited by the coronavirus pandemic, Nevada looks like it will again lead states in Super Bowl handle.
Nevada’s sportsbooks took $136.1 million in bets on the game, holding 9.2% for $12.6 million in revenue.
Handle fell 12% with revenue down 33% compared to 2020.
How Much Money Was Bet On The Super Bowl This Year
NJ, PA rank second & third
New Jersey‘s 12 retail and 21 online sportsbooks took $117.4 million in bets on the game, up 116% over last year’s total.
Sports betting revenue was $11.3 million, good for a 9.6% hold.
Even though online Pennsylvania sports betting transactions over Super Bowl weekend outpaced New Jersey by about 14%, PA’s handle was less than half of New Jersey’s.
Pennsylvania’s sportsbooks reported $53.6 million, up nearly 75% from 2020. Revenue was $9.4 million for a 17.5% hold.
Illinois takes vast majority of action online
Surprisingly, Illinois was the first state to report Super Bowl stats. That caught many off-guard considering the state’s gaming regulator is usually about two months behind others reporting sportsbook stats.
The legal IL sports betting market took $45.6 million in handle with 93.7% of all wagers coming online.
Sportsbooks made $7.7 million in revenue, good for an atypical 16.8% hold. That hold could be boosted by overconfident Kansas City Chiefs fans crossing into Illinois from neighboring Missouri to place their bets.
Delaware’s handle dips, but positive hold
Delaware took a total of $1.9 million in bets this year, according to Delaware Lottery Director Vernon Kirk.
How Much Money Is Bet On The Super Bowl Coin Toss
That’s down from $2.1 million bet last year, though the Lottery turned a profit in 2021. Total win was $226,000, up from a loss of $229,000 last year.
Delaware’s three casinos reported $1.4 million in straight wagers with $132,000 in revenue. Prop parlay cards at lottery retail locations saw $264,000 in handle with revenue of $108,000.
How Much Money Will Be Bet On The Super Bowl This Year
Futures wagers at both casinos and lottery retailers totaled $217,000 with a loss of $15,000.
Oregon Lottery adds nearly 1,500 customers
There was $3.5 million bet through the Oregon Lottery‘s Scoreboard platform, operated by DraftKings-ownedSBTech.
The sportsbook reported $696,230 in revenue, or a gaudy 20.1% hold.
How Much Money Will Be Bet On The Super Bowl
Nearly 1,500 new accounts were registered on Super Bowl Sunday alone.
Others share Super Bowl betting numbers
Some states didn’t have formal reports ready with all the stats but shared some of their initial results:
How Much Money Is Illegally Bet On The Super Bowl
- Colorado sportsbooks took $31.2 million in bets, according to a Department of Revenue spokesperson. That includes $16.9 million in game day bets and $14.3 million in futures bets.
- Sports betting in Iowa was live for Super Bowl 54, but the market looked much different. Iowa’s in-person registration law finally expired in January, which helped last month’s handle jump 42.7% over the prior year. Super Bowl handle also jumped in part to remote registration. Iowa’s sportsbooks took $16.3 million in bets, up from $6.5 million last year, Iowa Racing and Gaming Administrator Brian Ohorilko said.
- Mississippi, which only offers retail betting and has rejected a full mobile expansion for years, took $8 million in Super Bowl bets, according to a Mississippi Gaming Commission spokesperson.
- SportsbookRhode Island took around $6.5 million in bets, which is up from $5.5 million last year but flat on 2019‘s Super Bowl, which also included a Tom Brady appearance.