Last updated on May 12th, 2024 at 07:27 pm
After 18 weeks of competition, Wild Card Rounds, Divisional rounds and the conference Championship round, the Super Bowl is here. While it may not mean as much to Korean sports betting fans, it remains a popular sporting event for gamblers. In fact, gambling analysts project that the 2023 Super Bowl will be a record-breaking year for sportsbooks. This is because they believe Super Bowl LVII Betting Will Reach $16 Billion in legal and illegal wagers.
Super Bowl LVII will take place on February 12, 2023 at the State farm Stadium in Glendale, Arizona. Furthermore, the game between the Philadelphia Eagles and the Kansas City Chiefs will being at 6:30 PM ET.
According to Sports betting websites and NFL betting experts, this matchup is between 2 teams that are almost equal. This is because the pointspread on this game is only 1.5. However, sportsbooks believe that the Eagles have a slight advantage and are the favorite team to win at -125.
Latest Super Bowl LVII Betting odds
| Team | Pointspread | Moneyline | Over/Under |
| Kansas City Chiefs | +1.5 -110 | +105 | Over 51 -110 |
| Philadelphia Eagles | -1.5 -110 | -125 | under 51 -110 |
Super Bowl LVII Betting Will Reach $16 Billion in Wagers for a Record-breaking year
The American Gaming Association believes that the betting on this Super Bowl will be double that of last year. According to their latest forecast, 1 in 5 American adults will be place a bet on Super Bowl LVII. This amounts to a total of 50.4 million people betting on football with bookmakers and amongst friends and family.
Part of the reason is because there are three additional state that are offering legal sports betting this year. These states are Kansas, Ohio and Massachusetts for a total of 33 states and Washington D.C. Therefore, the bookie interaction will be much stronger and intense this year. In addition, Maryland now has mobile sports betting available which will also increase these numbers. Thus, more than half of all Americans adults now live in a market where sports betting is legal.
Furthermore, the number of geolocations available for legal gambling was at 550 million geolocations during the NFL playoffs. Using this information, the increase in sports wagers for the Super Bowl will be significant.
In addition, Eilers & Krejcik Gaming Research predicts that 10 to 15 percent of all wagers will be live-betting format. Out of all Super Bowl bets, 15 to 20 percent of them will come in the form of same-game parlay.
At the moment, the NFL betting consensus is in favor of the Eagles winning with 66 percent of the bets.
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