Super Bowl Betting Expected to Hit $320 Million

By Douglas A. McIntyre Updated Jan 11, 12:21PM EST · Published Jan 22, 6:25AM EST

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Super Bowl Betting Expected to Hit $320 Million — © George Rose / Getty Images

Super Bowl LIII between the New England Patriots and Los Angeles Rams is forecast to drive $320 million in betting. That is about double the sum wagered on the game between the Patriots and Philadelphia Eagles last year.

Sports betting news website VSiN reported that one reason for the rise is that last year’s Super Bowl fell on a date when legal betting was only allowed in Las Vegas. A Supreme Court decision has allowed that to spread to seven other states. The largest contributors to the rise will be $113.75 million bet in New Jersey and $12.25 million in Mississippi.

VSiN believes that the sharp rise is the continuation of a trend that will extend into next year:

We’ll see in the coming weeks how close we came on this forecast, but it’s clear that sports betting is continuing to explode in popularity (or at least in mainstream acceptance out in the open) and isn’t expected to slow down anytime soon. In fact, we can safely project that this year’s record will be short-lived as we’ll probably have twice as many states with legalized sports betting by this time next year and a legal Super Bowl 54 handle of at least $500 million.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.