Super Bowl is Expected to Generate $1.25B in Regulated Bets
As everyone already knows, a lot of money is going to be bet on the Super Bowl. The game will be played this Sunday in Las Vegas. As more and more states have legalized sports betting, the amount of money in regulated bets has increased tremendously. Bettors are expected to plunk down $1.25 billion in regulated wagers on the big game. That is according to Eilers & Krejeck gaming (EKG). They also noted that the Super Bowl is the most wagered on sporting event in the United States. The Super Bowl accounts for 1% of total handle in this country.
Nevada and New York are expected to lead in the way in handle. With Las Vegas hosting the Super Bowl, and already known for gambling, it is not surprising that they are expected to lead the way. EKG projects that Nevada will account of 12.8% of the handle while New York will follow closely with 12.4%. New York is the largest state with a multi operator sports wagering market. No other state is expected to command a double digit handle share of the big game. New Jersey, Pennsylvania, and Illinois round out the top 5.
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