Pennsylvania Tremendous Bowl Betting Reaches Report Highs
Pennsylvania sports activities bettors laid huge bucks on Tremendous Bowl 56. Over $68 million was guess on the Tremendous Bowl in Pennsylvania, a 27% improve from final yr. After payouts, income for sportsbooks is predicted to be about $4.5 million which is a major lower from the $9.4 million gained from final yr’s Tremendous Bowl.
The 2022 Tremendous Bowl was the fourth that Pennsylvanians might legally wager on the large sport and the third they might place bets from on-line sportsbooks. Since sports activities betting apps launched in the summertime of 2019, about 90% of all bets have been positioned on-line and it was an equivalent quantity for Tremendous Bowl 56 bets.
Pennsylvania Tremendous Bowl betting elevated
Information obtained from GeoComply which makes use of know-how to determine sports activities app customers’ bodily location reported 413,000 distinctive logged sports activities betting apps in Pennsylvania on Tremendous Bowl Sunday. It’s a 29% improve from the 2020 Tremendous Bowl and a 106% improve from the 2019 Tremendous Bowl. The figures from GeoComply don’t have in mind wagers positioned at PA retail sportsbooks.
Yr | 2020 | 2021 | 2022 |
---|---|---|---|
On-line Deal with | $24,035,942 | $47,497,202 | $61,106,349 |
Retail Deal with | $6,728,544 | $6,137,478 | $6,938,462 |
Whole Deal with | $30,693,942 | $53,634,680 | $68,044,810 |
Yr | 2020 | 2021 | 2022 |
---|---|---|---|
On-line Income | -$2,840,675 | $9,418,535 | $3,877,693 |
Retail Income | -$450,894 | -$24,264 | $697,646 |
Whole Income | -$3,334,787 | $9,394,271 | $4,575,339 |
How Pennsylvania guess on the 2022 Tremendous Bowl
In response to information launched from DraftKings on the morning of the Tremendous Bowl, 65% of PA DraftKings bettors have been backing the Cincinnati Bengals (+4) towards the Los Angeles Rams.
DraftKings additionally shared a number of notable Tremendous Bowl bets and the states they have been positioned. Listed here are a few of the bigger Tremendous Bowl bets positioned at DraftKings in Pennsylvania. (Be aware: We have no idea if the bettor hedged or cashed out early).
Market | Choose | Line | Stake | Potential Payout | Gained/Loss |
---|---|---|---|---|---|
Unfold | Bengals | +4.5 | $200,000 | $381,820 | Gained |
Moneyline | Rams | -190 | $65,517 | $99,999 | Gained |
Ja’Marr Chase Speeding yards | Over | 3.5 | $15,000 | $28,044 | Gained |
Bengals longest punt | Over | 52.5 | $15.000 | $28,044 | Gained |
Shortest subject objective made | Over | 27.5 | $15,000 | $28,044 | Gained |
Joe Burrow dashing yards | Beneath | 11.5 | $15,000 | $28,637 | Gained |
Joe Mixon yards on first rush | Beneath | 3.5 | $15,000 | $27,000 | Gained |
Cooper Kupp longest reception | Over | 28.5 | $15,000 | $25,715 | Loss |
Whole sport sacks | Over | 5.5 | $15.000 | $31.500 | Wom |
Cam Akers dashing yards | Over | 63.5 | $10,000 | $18,333 | Loss |
Joe Burrow passing makes an attempt | Beneath | 36.5 | $10,000 | $18,696 | Gained |
Tremendous Bowl 56 MVP | Evan McPherson | +13000 | $1,000 | $131,000 | Loss |
Sports activities betting development in PA and past
Total, it was an enormous NFL season for sports activities betting with extra states legalizing it. In Pennsylvania, sportsbooks added and improved options like similar sport parlays, in-game betting, and a whole lot of props. In a report by Morgan Stanley with information from GeoComply, sports activities betting volumes elevated 161% YoY for the NFL Divisional Spherical. A piece of that was from New York which launched on-line sports activities betting in early January and almost reached $2 billion in deal with in 30 days.
Pennsylvania noticed betting quantity develop 31% YoY and motion from the Wild Card Spherical to the Divisional Spherical rose 23%.
FanDuel Tremendous Bowl assertion
FanDuel has led all PA sportsbook operators for deal with and income since arrival. They launched a press release after Tremendous 56 that learn:
“The Rams introduced dwelling a Tremendous Bowl Championship and made quite a lot of FanDuel prospects very blissful. Odell Beckham Jr. began the sport off proper when he scored the sport’s first landing. Beckham was the highest choice within the First TD Scorer market and his landing paid out almost $4 million in straight bets to FanDuel Sportsbook prospects. Though Beckham was injured within the first half, he did sufficient to ship one other $1.4 million to prospects as a part of an odds increase that required Beckham to notch 50+ receiving yards and a Rams win. The percentages have been boosted for that promotional market from +155 to +220. Touchdowns by Beckham and Cooper Kupp have been an awesome consequence for purchasers who positioned straight bets and parlays.
New FanDuel Sportsbook prospects additionally had an awesome night time with the Rams comeback — $38 million was paid out to new prospects as a part of FanDuel Sportsbook’s 56-1 supply. Total, although the Rams gained the sport, they didn’t cowl the 4.5 level unfold, giving some solace to Bengals bettors who gained greater than $17 million on the unfold market in pre-match betting. Lastly, our standard, free-to-play Tremendous Bowl Bingo sport was an enormous success, with greater than 400,000 FanDuel prospects enjoying our Tremendous Bowl Bingo sport final night time.”
Lead picture Ted S. Warren/AP