Super Bowl Betting & Sports Betting Growth

Industry

This year’s Super Bowl betting was record setting, and so was the number of people watching the game! And now, even more states are considering the regulation of betting on sporting events! So where do we go from here?

The the Super Bowl is over, which means no more football in America for a while… which is a bummer. But on the bright side, more and more states are regulating sports betting, and we’re going to see a lot less of Taylor Swift! This year’s big game garnered over 123 million viewers making it the most watched Super Bowl ever! In fact, the only program in the his history of television with more people watching was the 1969 Apollo 11 moon landing!

Best estimates are that there was more than $23 billion in Super Bowl betting this year, which creates sort of a chicken and egg scenario. There are those who believe that the popularity of the Super Bowl is a direct result of the increase in sports betting. Then there are those who believe that the increase in sports betting is due to events like the Super Bowl. Who knows?

What I do know however, is that there are currently 38 states regulating sports betting Across America with an additional six states currently considering legislation to do the same: Alabama, Georgia, Hawaii, Minnesota, Missouri, and Oklahoma. That could mean more than 40 states with regulated sports betting in the near future!

Now some industry experts say that (despite the record breaking Super Bowl betting) the expansion of sports betting is slowing down, to which I say: Of course it is! But not because sports betting is becoming less popular. It’s because we’re running out of states to regulate it! We only have so many, you know. Besides, look at the numbers! Record-breaking figures are pouring in all across the country, and expansion is still taking place from New Hampshire to Arizona.

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