- Legal sports betting volume is expected to reach record levels during Super Bowl 57
- The Super Bowl betting handle will increase as new states with sports betting enter the market, such as Kansas, Maryland, and Ohio
- Before February 12, 2023, see how much money could be wagered on the Super Bowl
In 2023, we will examine the legal sports betting figures from the past five years and determine how much money will be wagered on the Super Bowl.
The Super Bowl LVII between the Kansas City Chiefs and Philadelphia Eagles is scheduled for Sunday, February 12, 2023. The Super Bowl will take place at State Farm Stadium in Glendale, Arizona, for the first time, and Arizona may record the most significant Super Bowl bet volume in history.
When you consider that Kansas, Maryland, and Ohio launched their online sports betting platforms just in time for Super Bowl 57, it is not surprising that more money is expected to be bet on the championship game this year than ever before.
Record Betting Expected For Super Bowl 57
According to the American Gaming Association (AGA), 31.42 million Americans will bet $7.61 billion on the Super Bowl across all sports betting sites, including offshore sportsbooks. Those estimates are expected to set new records when the AGA releases its report next week. However, what about legal sports betting?
In the past, Nevada was the only state that offered legalized sports betting for the Super Bowl. Year over year, the legal sports betting handle for the Super Bowl has increased as more states have come online.
There could easily be between $800 million and $1 billion wagered legally on the Super Bowl in 2023 as more states have legalized sports betting over the past year.
Sports betting will be legal in Arizona for the first time, and it will host the Super Bowl for the first time. Super Bowl betting promotions will be available to residents and visitors from out of town.
For the first time, legal sports betting is available in-state for this Super Bowl, which should result in higher betting volumes. It is expected that the recent launch of online sports betting in key markets will also contribute to these figures approaching $1 billion.
Sports Betting Is Legal In More States, Boosting Super Bowl Figures
In the past few months, a few new states have begun offering legal US betting sites online, including some of the most important markets in the country, just in time for Super Bowl 57 to kick off.
This was the first time that three key US states had legalized online sports betting in late 2022/early 2023, allowing these markets to wager on the championship game on NFL betting apps for the first time in their history:
- Kansas online sportsbooks
- Maryland online sports betting
- Ohio online sportsbooks
With the Kansas Chiefs making the Super Bowl for the third time in four years, Kansas sports bettors will be particularly excited to wager on this year’s game. It is the first Super Bowl bettors in the Sunflower State that will be able to wager legally, so there is sure to be a lot of activity on their Missouri neighbor’s side.
Even though the Baltimore Ravens failed to advance from the Wild Card round this year, Maryland sports bettors will be eager to place their wagers on this year’s championship game. Through December 2022, the Maryland Lottery and Gaming Control Agency reported that online sports betting generated $497.1 million in total wagers.
In terms of Ohio, Buckeye State has experienced one of the fastest starts to mobile sports betting in the history of the United States. A total of 11.3 million geolocation transactions and approximately 784,000 individual sportsbook accounts were created in Ohio during the first weekend of sports betting on January 1. Having broken the previous record for geolocation transactions set by New York, Ohio’s sports betting market rapidly became the largest in the country just weeks before the Super Bowl.
The launch of these new online markets for the Super Bowl in 2023 could easily result in the legal betting handle in the big game exceeding $1 billion.
Super Bowl 57 Chiefs vs. Eagles Starts Feb. 12
Kansas City Chiefs and Philadelphia Eagles will face off at State Farm Stadium in Glendale, Arizona, on Sunday, Feb. 12, as the AFC and NFC Conference Champions face off for the first time.
It will be the Chiefs’ second Vince Lombardi Trophy in four years and the Eagles’ second championship title in franchise history. Two teams with some of the most passionate fan bases in sports will be pitted against each other, encouraging sports bettors across the country to wager from the comfort of their Super Bowl Sunday homes.
The best way to get closer to all the action in the big game is to download and register with some of the most reliable Super Bowl betting apps. If you’re betting responsibly, you can’t go wrong wagering on the Chiefs vs. Eagles Super Bowl.
Following the game, betting handle figures will be released, and we’re excited to see the results. This game alone is expected to generate $1 billion in legal sports betting volume in the US.