The Numbers Are Flowing in: Record Super Bowl Betting at BetMGM and Caesars

It's easy to understand why a site like BetMGM would break records with each Super Bowl.  Since the US Supreme Court overturned decades of sports betting prohibition in 2018, BetMGM continues to enter newly regulated markets.  Missouri, home to this year's Super Bowl losers the Chiefs (feels weird writing this), will open up to regulated sports gambling soon.

Still, none of this changes the fact that the numbers continue to be staggering.

Yesterday, Gambling911.com reported on how nearly 725,000 new sports betting accounts were created over the Super Bowl weekend and a jaw-dropping peak of 14,300 geolocation transactions per second came in for the game just prior to halftime.

BetMGM Sportsbook and Caesars Sportsbook each reported that Philadelphia’s 40-22 victory over the two-time defending champion Kansas City Chiefs was the most-bet single sporting event in each of their histories.

Caesars also said it was the first Super Bowl in which more game parlays were bet than the more traditional straight wagers.

“With the Chiefs falling behind early we observed a substantial handle and wagers increase on their chances of a comeback,” said Craig Mucklow, Caesars vice president of trading. “A significant amount of wagers flooded in on KC at longer odds on the money line and all spreads we posted, all the way up to +28.5. This rare opportunity to bet on Patrick Mahomes at such generous spreads and odds proved to drive significant growth and led to our largest in-play handle for a Super Bowl ever.”