How Much Money is Bet on the Super Bowl Each Year?
The Super Bowl is one of the biggest sporting events in the world, with over 130 million viewers in the US and another 100 million across the globe. It’s also one of the most popular events for bettors, with billions exchanging hands during the event. The Super Bowl draws in all different kinds of bettors, including casual and professional gamblers, all of whom are looking to add some extra excitement to the final game of the NFL season.
The amount bet on the Super Bowl varies each year. Since the number of legal sportsbooks across the US has grown, the money spent on the event also has. In 2022, the amount bet on the Super Bowl was predicted to increase by 35% from the previous year to reach a total of $7.6 billion. As more states legalize sports betting, especially online betting, this figure will likely continue to increase each year.
How to Bet on the Super Bowl
If you’re looking to bet on the Super Bowl, you’ll first need to check that you’re in a legal state. Sports betting is no longer against federal law, but many states still have individual laws against it. Check to see if the state you’re in has laws against sports betting and, if not, whether there are any restrictions.
Once you’ve made sure you can legally bet, you can choose a betting site or app. DraftKings sportsbook app is one of the most popular, but many options are available. You can download a sportsbook app onto your phone or tablet, which lets you then place bets wherever you go. Make sure that the betting site you choose is safe, reputable, and offers great odds.
From here, it’s as simple as using the search bar to look up the Super Bowl and then choosing which market you want to bet on. All sportsbooks will offer odds on the moneyline as well as total points and the spread. You’ll usually also find lots of proposition bets. Aside from sporting bets, you might also be able to bet on things like the halftime show, what color Gatorade is thrown over the winning coach, and the length of the national anthem.
Best Super Bowl Bets
Betting on the Super Bowl can be difficult, as anything can happen in the biggest game of the year. To make the best bets, you need to do a lot of research beforehand. It’s a good idea to familiarise yourself with the two teams and check to see what kind of form they’re both in. You should also look at whether there have been any major injuries or key players returning from injury, as this can have an effect on the chance of success.
Before placing any bets, you’ll want to make sure you understand the different markets and what they mean. Moneyline is a bet on which team you think will win. The spread is a bet on the winning margin, and total points is a bet on how many points will be scored. Moneyline bets are usually the most popular, although serious bettors tend to look at the spread for more value.