NJ Sports Betting Handle on Super Bowl More Than Doubles From Last Year

While it is true that the Covid-19 pandemic swept over economies leaving behind the stench of death and economic destruction, the online bets platforms were built specifically to weather its kind. From the Super Bowl event of 2021, all monies collected as wagers on the Super Bowl totaled to about $117.4 million. 

Betting is the new style of enjoying sports the world over; many markets today have a sports betting platform where fans can support their favorite games. It is no wonder that the Super Bowl online bets of 2021 span into millions of dollars to surpass previous years’ performance. To a large extent, this remarkable increase in revenue for BetMGM and others was occasioned by an upsurge in internet activity. 

There is a popular saying in betting circles, “Vegas was not built on winners.” Simply put, the betting industry, although generous in its rewards most of the time, depends on money gained when players lose to grow. In 2021, the sportsbooks collectively made $11.3 million in profits. In the preliminary results of the Super Bowl, some of the best performing markets were Nevada, New Jersey and Illinois mentioned in order of performance. 

 

Impressive revenues for the state of New Jersey

According to records from Super Bowl LV, the performance was far more than double what was achieved the previous year. This is according to data collected and analyzed by the Division of Gaming Enforcement in New Jersey. 

As a whole, the most recent Super Bowl event managed to attract an estimated $117.4 million worth of bets. The win for the players was equally as impressive since they gained over 94% of the money that was placed as bets. An equivalent of $11.3 million for sure is not a small gain considering that most already earned their win by being part of the event. 

At the time of issuing the preliminary results last year, the DGE reported an unexpected loss. Out of the achieved $54.3 million players received payouts amounting to $58,568,699, which led to a $4.28 million loss. 

 

Where to place Super Bowl bets

It is already stressful enough trying to analyze the best team on which to place your Super Bowl bet. The next thing you need to do is try to find the best sportsbook (the vehicle that will carry and execute your bet) but this is not a task you must do. There are already many reputable and established betting sites which offer a reliable and safe betting experience for their users. 

The betting sites discussed below are some of the most powerful betting providers in the casino industry. Various markets around the world can boast of a game or ton of games from these developers. Honestly, nothing much about these brands can be said to discourage players from creating accounts with them; they stand out for excellent gaming.

 

FanDuel

This is no doubt one of the most used mobile betting apps in the market. For those who are keen on easy navigation, simplicity and great customer experience, FanDuel is a worthy consideration. Compared to other apps of the same caliber, FanDuel offs competitive odds on games they list. 

Sign-up offers are always a great incentive for attracting new players. These are especially enticing to new casino players who have no past experience with gambling. All such a client wants to do on a gaming site is get as many bets with as little money as possible. 

Since FanDuel is a real-money gaming app used for betting, Android users cannot download it from Google Play Store. To get it, the download has to be made directly from the brand website.

 

PointsBet

This is another big name in sports betting that sports enthusiasts can use to place their bets on the Super Bowl. A great feature of this mobile app is that bets can be placed in live mode – you can actually watch a few minutes into the game before you decide which team you are going to support. 

Every activity for a user on their account earns them some points on PointsBet which is a superb way of encouraging brand loyalty. For players who are new to the operations of the site, the official website has a section of articles that offer insight into everything they should know. 

The sign-up offers provided by the site give customers value for their investment.

 

DraftKings

The influence of DraftKings on the sports betting market is evident from the quality of products it offers. Looking at the mobile application of DraftKings, one feels like they are interacting with the desktop version – it has been effectively optimized. 

Players who love simple sites will appreciate the layout used here as it is easy to comprehend. For people who go to gambling sites solely to bet on the Super Bowl, the generous offer upon sign-up will allow for a tangible bet. 

 

William Hill

William Hill is probably the most popular betting site in the United States. They are not only known as the host of the Super Bowl but they list matches from almost every league in the world – if a game is missing in the lineup, it is probably by accident. If your search of a Super Bowl betting site leads you to William, you are likely not going to be impressed by any that comes after it. 

Simplicity is a principle when it comes to William Hill navigation. Every the novices of betting will easily spot a market they are interested in on the site.

 

BetMGM

Another reputable site when it comes to selecting where to place your bets is BetMGM. New Jersey fans are lucky that they have Borgata for the physical experience and the app for an online experience. 

Apart from the obvious components of a good gaming site (easy navigation, user friendly customer support and straightforward money transfers), BetMGM offers “one-game parlay bets” best when betting on super publicized events like the Super Bowl. 

 

Final Thoughts

At a time when most people cannot and will not go out of their homes due to strict Covid-19 containment measures, the average sports betting enthusiast is looking at the internet for answers. The United States market already plays host to 21 mobile apps and 12 retail sportsbooks to facilitate wagering. 

Going back to 2020, the DGE has reported that the revenue collected then was only $54.3 million, a considerably small amount then as it is 116% less than has been achieved of late.

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