These were wagers made through both retail and online sportsbooks. In total, this is a decrease of 15.1% compared to Super Bowl 2023, when the Philadelphia Eagles were defeated by the Kansas City Chiefs.
The regulator added that after payouts, revenue should come to $11.0m, down 62.7% from the $29.7m revenue generated from last year’s Super Bowl.
This marked the sixth year that sports betting was legal in Pennsylvania for the Super Bowl. It was also the fourth year of online sports betting in the state. Bettors could choose between 18 retail locations and 12 online betting sites to place their bets.
Online versus retail breakdown
Online wagers totaled $64.6m for Super Bowl 2024, a decline of 12.5% compared to online wagers on 2023’s game. The 2023 online wagering total was also the highest since online sports betting was introduced in Pennsylvania.
Retail bets made up the remaining $6.8m in wagers, consistent with 2022, 2021 and 2020’s figures – but a far cry from the $10.3m in retail bets placed in 2023. This marked a 33.4% decrease year-on-year.
Turning to revenue, this is projected to hit $451,039 for retail, down by a staggering 90.4% yearly. But this was not the lowest retail revenue to date – Pennsylvania saw a loss of $450,894 in retail revenue from Super Bowl 2020. Online revenue is set to total $10.6m, down by 57.6%.
The Pennsylvania Gaming Control Board noted that more than 875,000 online wagering accounts were active in the state over Super Bowl weekend, a rise of 10.4%. This was sourced from geolocation service GeoComply.
Seismic Super Bowl betting activity
GeoComply also reported that it had conducted 13.6m geolocation checks for the state. These checks ensure that only those within Pennsylvania could access the state’s legal sports betting sites.
Across the US, states are reporting record numbers for Super Bowl betting. Among these is Nevada which broke its state record for Super Bowl bets with $185.6m wagered. Ahead of the game, GeoComply recorded 14,750 bets per second.
Findings from a survey conducted by the American Gaming Association projected that $23.10bn would be wagered on the Super Bowl.
Original article: https://igamingbusiness.com/finance/super-bowl-wagers-hit-71-5m-in-pennsylvania/
