Sports betting equipment suppliers give Super Bowl betting insight
For some, the results of this year’s Super Bowl were disappointing, with the New England Patriots topping the Los Angeles Rams in a low-scoring, rather staid affair. This was somewhat reflected in legal sports wagering results for the big game, with sportsbooks in Las Vegas reporting almost $146 million in wagers, much less money that was put into play last year and well below the estimated $160 million handle some had predicted for Silver State casinos.
But for state with recently legalized sports betting operation, Super Bowl wagering results welcoming and, hopefully, a harbinger for the future, with New Jersey reporting $34.9 million in wagers and Mississippi chipping in with $4.67 million in wagers from non-tribal casinos.
Sports betting equipment suppliers also posted some interesting results and trends from Super Bowl wagering. International Game Technology PLC (IGT), suppliers of the PlayShot sports betting platform that currently powers legal sportsbooks in five states, reported that its system processed 374,000 Super Bowl bets, with a combined value of $57.7 million. The average size of bets placed on the game’s outcome was $344, with an average bet for the Rams coming in at $324 versus an average bet of $356 for the Patriots. Also of note: off all the bets, 90 percent were placed pre-match as opposed to 10 percent that were placed in-game.
SBTech, a global provider of omni-channel sports betting and iGaming platforms, also reported the following wagering trends from the Super Bowl:
- Following his seven catches for 93 yards in the first half, 25 percent of fans wagered in-game that Patriots wide receiver Julian Edelman would win MVP. Only around 10 percent of the bets pre-match were on Edelman to win MVP, whereas most bets were on the Rams Todd Gurley before Super Bowl LIII
- As everyone could see, the match was tight and customers started to bet on either the Rams or Patriots to win by between 1-6 points (SBTech saw 35 percent of fans wagering on that). The scoring in the last quarter scuppered that bet for customers; but 20 percent of fans bet on Patriots to win by 7-12 points, resulting in a nice win for them.
- The Rams consistently had people backing them through the game, even though they were the underdogs pre-game and continued to be that throughout the game. Most fans wagered on the Rams during the second quarter. It shifted to the Patriots after they took a 3-0 lead.