• Loading stock data...
Wednesday, December 11, 2024
The 2024 Best Employers in Sports Award winners have been announced! See the full list of winners

U.S. Sportsbooks Get Huge Boost From Super Bowl

  • GeoComply verified 100 million sports-betting transactions this Super Bowl weekend — a 25% increase from last year.
  • Several American sportsbooks reported milestones as a result of the increased traffic.
Patrick Breen/The Republic/USA TODAY NETWORK

With 50 million Americans projected to bet $16 billion on the Super Bowl across legal and extralegal channels, it’s no surprise that sportsbooks were very active on Sunday.

GeoComply, which verifies bettors’ locations on behalf of legal sportsbooks, registered 100 million sports-betting transactions this Super Bowl weekend — a 25% increase from last year.

Several American sportsbooks reported milestones as a result of the increased traffic.

  • FanDuel averaged 2 million active users on its platform throughout the Kansas City Chiefs’ 38-35 victory over the Philadelphia Eagles, and was taking a record 50,000 bets per second at its peak.
  • DraftKings paid out $2.68 million to one bettor who wagered $1.68 million on the Chiefs’ moneyline.
  • MGM Resorts says it had the highest Super Bowl betting handle in company history for the state of Nevada, including money wagered at its nine retail sportsbooks on the Las Vegas Strip and on its BetMGM app.

“This was BetMGM’s most successful Super Bowl and most-bet-on single game sporting event ever,” a company spokesperson said.

View of Super Bowl LVII signage and a Draft Kings billboard

Over 50M Americans Projected to Bet $16B on Super Bowl

The growth of legal sports betting in states is encouraging more bettors.
February 7, 2023

Next Year

The countdown to Super Bowl LVIII is already on — and given it’ll take place in the sports betting capital of the world, the handles are only bound to increase.

As for who could be taking home the Lombardi Trophy next year in Las Vegas, the books are already favoring a repeat: At DraftKings, the Chiefs opened as +600 favorites to win it all again — while the Eagles opened at +900, the fifth-best odds.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Bill Belichick

Bill Belichick Is Reportedly Finalizing Deal to Coach North Carolina

Belichick is “finalizing a deal” to become the next head coach at UNC.

NFL Scheduling Gambit Pays Off With Two Blockbuster Sunday Games

The Week 15 schedule has a game pairing seen only once since 1970.

F1’s TV Ratings Similar to 2023, but Still Below the Record Highs..

The F1 season averaged 1.1 million viewers in the U.S.

WBD Secures Comcast Deal, Readies for Future Without NBA Rights

The TNT Sports parent company continues to remake itself in dramatic fashion.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
DraftKings

Sens. Say DraftKings, FanDuel May Have Conspired to Crush Competition: ‘One Company’

The senators asked the FTC and DOJ to investigate the gambling companies.
DraftKings
November 8, 2024

DraftKings Lowers Full-Year Guidance After Brutal NFL Outcomes

DraftKings cited a tough start to the fourth quarter in lowering its 2024 guidance.
December 4, 2024

Poker Pro Pleads Guilty to ‘Massive’ Sports Betting Tips Fraud

Cory Zeidman ran a scheme that amassed $25 million over 14 years.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Sports betting Analyst Steve Coughlin gives out high-fives on the set of ESPN's College Game Day at the University of Texas, ahead of the Longhorns' game against the Georgia Bulldogs in Austin, Oct. 19, 2024.
November 7, 2024

ESPN Bet at Critical Point As Penn Reports Quarterly Earnings

The two sides agreed to a 10-year deal last August.
Nov 4, 2024; Kansas City, Missouri, USA; Kansas City Chiefs wide receiver DeAndre Hopkins (8) celebrates with quarterback Patrick Mahomes (15) after scoring against the Tampa Bay Buccaneers during the second half at GEHA Field at Arrowhead Stadium.
November 6, 2024

Missouri Becomes 39th State to Legalize Sports Gambling

Missouri was the only state with sports gambling on its ballot this election cycle.
November 5, 2024

On the Ballot: Sports Betting, Former Athletes Impacting the 2024 Election

Several U.S. Senate candidates have sports backgrounds, while Missouri voters will consider legalizing sports betting.
Tony Hinchcliffe at Donald Trump rally.
November 4, 2024

Sports Betting Companies Holding Comic at Arm’s Length After Trump Rally

Hinchcliffe drew criticism over his comments at a rally for Trump.