Super Bowl will Gather $6 Billion in Mostly Illegal Bets
A recent poll published by the American Gaming Association (AGA) has suggested that Americans will spend an estimated $6 billion on betting on the Super Bowl – but most of these bets will be made through illegal means. According to the poll, about one in ten American adults watching the Super Bowl 53 will place a bet on it.
Sports Betting Legality
Since the Supreme Court made sports betting a matter of state legislation, about eight states have made the activity legal. These are New Jersey, Pennsylvania, Nevada, Mississippi, West Virginia, Rhode Island, Delaware, and New Mexico. It’s important to note that of these above-mentioned states only three have allowed gamblers access to mobile bets: Nevada, New Jersey, and West Virginia.
Due to this fact, it is suggested that some Americans will place bets through illegal bookies at home. However, most will be looking to place bets through online sportsbooks based offshore.
Currently, opinion over whether legalizing sports betting in more states will reduce bets at offshore sports books is somewhat divided. Some industry pundits have suggested that the excessive tax rates on gambling and sports betting in some states may lead to many gamblers sticking to offshore betting sites where these issues don’t have to be dealt with. In order for local sports books to compete with these offshore options, states will need to reduce taxes placed on online betting.
Super Bowl 53 AGA Bet Odds
One of the questions asked in the AGA’s survey was which team gamblers would be betting on to win the greatest trophy in the National Football League (NFL) – the New England Patriots or the Los Angeles Rams. Results indicated that about 52% Americans will bet on the Rams, which most sportsbooks have pegged to be the underdogs.
Las Vegas sports books such as Wynn, Mirage, Station Casinos, and the Westgate SuperBook have all pegged New England to take the title with the spread set at between two and a half to three points. Online sports book Bovada has also set the Super Bowl point spread at three.
Genting Agrees to Redesign Resorts World February 1, 2019
VA Lawmakers Delay Casino Bill for Gambling Study January 31, 2019
US Department of Justice Reverses Verdict on Online Gambling January 28, 2019
DraftKings Sued Over Sports Betting Tech Malfunction January 25, 2019
Super Bowl 53 Betting: The New England Patriots vs. Los Angeles Rams January 24, 2019
New Jersey Online Gambling Growth and Sports Betting Dips January 20, 2019