Last updated on February 12th, 2022 at 12:17 am
In the past, placing a bet on the Super Bowl meant going to a local bookie and exchanging money for a slip. The slip is proof you funded the wager. Then, it would be best if you found the bookie again to collect winnings. As a result, states can’t regulate Super Bowl bets until legalized bookie industry.
At present, many states legalized sports betting. As a result, casinos opened betting windows and accepted wagers on sports. Also, states look to sports betting to increase their tax revenue.
With Super Bowl LVI only days away, Americans are concentrating on the lines and putting down their wagers, to a great extent influencing the way Las Vegas and oddsmakers carry on with work. While Sin City might be the first home of sports wagering, nowadays, you can put down your wagers without leaving your love seat in many states.
Legalized Bookie Industry and the Super Bowl Bets
According to bookie pay per head reports, a sum of 33 states in addition to Washington, D.C., have legitimized sports wagering. In January, it became legal in New York. In the first week alone, it received more than a million wagers. Those new players bet more than $150 million in the first week.
Nevada sportsbooks still catch out-of-state bettors with their own internet-based choices. But, according to bookie PPH sources, in-state sports wagering still makes up just around four percent of the entire market. That is why the emphasis stays on the individuals who end up in Las Vegas for the Super Bowl.
Before you head to the wagering window or online to put down your wagers, you’ll need to feel comfortable around the betting. Some of the popular bets are totals, spread, and money line. If you run a sportsbook, having attractive odds is one way of keeping your players active.