{"id":1804935,"date":"2023-02-16T05:41:57","date_gmt":"2023-02-16T10:41:57","guid":{"rendered":"https:\/\/platogaming.com\/plato-data\/las-vegas-super-bowl-ready-to-set-the-us-sports-betting-world-alight-in-2024\/"},"modified":"2023-02-16T05:41:57","modified_gmt":"2023-02-16T10:41:57","slug":"las-vegas-super-bowl-ready-to-set-the-us-sports-betting-world-alight-in-2024","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/las-vegas-super-bowl-ready-to-set-the-us-sports-betting-world-alight-in-2024\/","title":{"rendered":"Las Vegas Super Bowl Ready to Set the US Sports Betting World Alight in 2024"},"content":{"rendered":"
It\u2019s a match made in heaven. The biggest game in American football is coming to the home of gambling. Super Bowl LVIII will take place at the Allegiant Stadium in Las Vegas next year and it couldn\u2019t come at a better time for the booming US sports betting market.<\/p>\n
\nthe highest number of wagers ever on a single sporting event<\/p>\n<\/blockquote>\n
Legal sports betting is now active in more than 30 states across the US, most recently adding Kansas and Ohio to the mix. As a result, Super Bowl LVII reported the highest number of wagers ever on a single sporting event in the US, reaching as high as $16bn according to American Gaming Association (AGA) estimations.<\/p>\n
Taking place in a state with legal sports betting for the first time in its history, Super Bowl LVII generated betting handle of more than double 2021. Now, with next year\u2019s edition due to go ahead in the original home of US wagering, onlookers expect it will offer an even greater opportunity for sportsbooks in Nevada and even across the nation.<\/p>\n
Into the Crystal ball<\/h2>\n
To get his insight into the potential of next year\u2019s Super Bowl, VegasSlotsOnline News<\/em> spoke to our old friend and Vegas industry veteran Stephen Crystal. The SCCG Management CEO believes that Super Bowl LVIII provides a unique opportunity, the likes of which has never been seen before in US betting history.<\/p>\n
\nexpect a Las Vegas-based Super Bowl to break all records\u201d<\/p>\n<\/blockquote>\n
He said: \u201cLas Vegas has become the home of big events and there is none bigger than the Super Bowl. With sports betting exploding across the US, expect a Las Vegas-based Super Bowl to break all records for single event betting.\u201d<\/em><\/p>\n
\u201cLas Vegas is always re-inventing itself. With Formula 1, the Super Bowl, and a U2 residence coming this year, we have become the number one destination in the world for blockbuster events. Viva Las Vegas!\u201d<\/em><\/p>\n
Year-on-year growth<\/h2>\n
It certainly seems Crystal could be right. The past three years of Super Bowl betting paint a very clear picture of growth, albeit with a slight dip amid the worst of the COVID-19 pandemic in 2020 (in-person sportsbook betting dropped 61% y-o-y). <\/p>\n
From $6bn in the first year after the repeal of the Professional and Amateur Sports Protection Act to $16bn in 2023, Super Bowl betting is on the rise according to AGA data:<\/p>\n