Last year (2024), The American Gaming Association estimated that $23.1 billion was wagered on the Super Bowl in the United States, which included bets placed through legal sportsbooks, illegal bookies, and informal wagers.
Of this, approximately $1.25 to $1.5 billion was wagered through legal U.S.-based sportsbooks, reflecting the growing acceptance and regulation of sports betting in the country. It is believed that the figure will only grow further in a few weeks.
Some notable individual wagers made headlines during the event, such as a $540,000 bet on the Chiefs +4.5 line by a Michigan gambler, a $1 million bet on the 49ers money line, and a $100,000 wager on the coin toss landing 'tails.'
If fans are really convinced about picking a winner, or by a winning margin, they can also utilise spread betting for a chance to win even more, depending on how right they are. Historically, Super Bowl winners have had a strong record against the spread, with teams winning the Super Bowl covering the spread 87% of the time. This trend has been even more pronounced since the 2009 season, with a success rate of 92.9%.
For Super Bowl LVIII, the over/under line was set at 47.5 points. The final combined score was 47, resulting in a push for bettors, with an almost even split historically between the number of overs and unders in Super Bowl games.
The rapid increase in wagering, particularly through legalised channels, highlights the growing popularity of sports betting in the U.S. with such a huge audience and also suggests greater consumer confidence when it comes to betting on huge sporting events.
As events go, they certainly get no greater than the Super Bowl. It will be interesting to see what records can be broken in 2025.
Methodology
OLBG drew on the following sources for data in reporting this story: SportsBoom, Fox Sports, Dimers, Statista, Billboard, and Bleacher Report.