States report big bets on this year’s Super Bowl
ATLANTIC CITY, NJ
Legal betting on this year’s Super Bowl was heavy in the four states that announced results Tuesday.
Nevada recorded nearly $180 million in wagers, New Jersey nearly $144 million, Mississippi nearly $6.4 million and Montana nearly $700,000.
With more states approving legal sports betting, this year’s Super Bowl was sure to break records; The American Gaming Association predicted last week that $7.6 billion would be wagered on the NFL Championship game between the Los Angeles Rams and the Cincinnati Bengals, though that total also includes bets made with illegal bookmakers.
“It points to a very positive picture,” said David Forman, senior director of research at the gaming association. “Nevada is up over 30% from last year, New Jersey is up over 20%, which is especially impressive considering New York is now online.
New York has risen to first in the nation in terms of sports betting amount, taking in nearly $2 billion in wagers in its first month. It will return the amount of Super Bowl bets its sportsbooks took on the Super Bowl on Friday.
The Rams beat the Bengals 23-20 but failed to cover the 4.5-point spread, meaning those who backed the underdog Bengals and took the points were winners.
Nevada’s total broke its own record of more than $21 million. Its sportsbooks retained $15.4 million of that total in revenue, a 22.6% increase over last year.
New Jersey Sportsbooks kept $7.8 million after paying winning bets and other expenses, down from the $11.3 million it kept from last year’s Super Bowl .
Montana’s total bet amount increased by 41% over last year’s total; he retained $267,971 in income.
Mississippi has been taking sports betting since 2018, but only on in-person sites; it does not offer mobile betting, which accounts for over 80% of the US sports betting market.
GeoComply Solutions, whose location-based technology is used by virtually the entire legal sports betting industry in America to verify that customers are where they say they are before placing a bet, said it has processed more than 80 million transactions. geolocation last weekend, more than double the amount. saved for the 2021 Super Bowl.
Follow Wayne Parry on Twitter at @WayneParryAC