For years the Super Bowl has been the top US sporting event to watch and bet on. There weren’t quite so many fans in attendance this year due to the ongoing pandemic. However, in this new world of US sports betting, there was plenty of dollars placed in bets. That was definitely the case in the state of Colorado.
Super Bowl LV saw the amazing Tom Brady lead the Tampa Bay Buccaneers to victory over the Kansas City Chiefs. Only 25,000 fans were able to watch this great event but millions more around the world watched the game.
The Super Bowl always gets a massive television audience but living in America and being able to bet on the game hasn’t always been the case, well not legally. A long campaign was needed to eventually change the rules re gambling. In 2018, a US Supreme Court judge ruled that individual states could decide whether or not to legalize gambling, especially on sport. Since then, many states have legalized gambling, eager to receive all the additional tax revenue that brings.
All of which meant many more people can now legally bet on their favorite sports. If you are new to online sports betting, it’s a good idea to get some advice on who to register with. Accessing the CO sports betting guide is highly advisable as it has lots of helpful information.
It had been possible to bet at casinos on slots, video poker and blackjack since 1991. The long wait to be able to bet on sport ended in May of last year. The necessary legislation had narrowly been passed towards the end of 2019.
Being able to legally bet on the Super Bowl was something fans had waited years for. They couldn’t wait to start placing wagers on the many markets that were available for this great event. It wasn’t just on who’d win but the points spread, how many touchdowns would be scored and who’d score them and plenty more.
The American Gaming Association (AGA) estimated that an enormous $4.3 billion would be bet on the Super Bowl. Now you can see why so many states are looking forward to all that potential tax revenue heading their way.
One massive bet was made by Houston furniture retailer Jim ‘Mattress Mack’ McIngvale. He flew to Colorado and placed a $3.46 million bet on his mobile. He needed to do that as gambling hasn’t yet been legalized in Texas. He won $2.7 million after successfully predicting Tampa Bay would cover the 3.5 point spread.
Bill Miller is the President and CEO of the AGA. In a press release he commented: “With a robust legal market, Americans are abandoning illegal bookies and taking their action into the regulated marketplace in record numbers.” . A record 7.6 million people were expected to be placing bets at online sportsbooks, 63% more than in the previous year. As more states legalize gambling, those figures are bound to increase.