Super Bowl 50 handle estimated to be $4.2 billion, predicts AGA
It's no secret that the most watched sporting event of the year in the United States is also the most highly wagered on.
A report released today by the American Gaming Association predicts that $4.2 billion will be wagered on Super Bowl 50 — with 97% estimated as the likely volume to occur at online betting sites; far away from the glamour and glitz and of the Las Vegas strip, and far away from the fingertips of the Department of Justice, and all who wish to keep betting limited to the annoying world of fantasy football.
The massive handle will be received on everything from straight-up betting across the wagering markets shown at the NFL odds grid to clever Super Bowl 50 prop bets.
“As Americans celebrate a milestone Super Bowl, they’ll also bet a record amount on the Big Game,” stated Geoff Freeman, president and CEO of the AGA. “Just like football, sports betting has never been more popular than it is today. The casino gaming industry is leading the conversation around a new approach to sports betting that enhances consumer protections, strengthens the integrity of games and recognizes fans’ desire for greater engagement with sports.”
The press release goes on to discuss "illegal betting", or betting outside of the US casino industry, and how the figure is derived in the first place.
SBR urges online sports bettors to stick with well-rated betting sites with documented financial track records for betting the Big Game. Many new betting sites start to slow-pay following the Super Bowl hangover, as far less deposits roll in until the start of March Madness. Players should take particular care to avoid sportsbook bonus offers that sound too good to be true.