New Jersey is one of three states expected to see over $100 million wagered on Super Bowl LVII from legal online and retail sportsbooks, according to predictions by PlayUSA, which provides information and analysis of the US gaming market.
The Garden State projects a handle of $115.5 million, ranking behind only Nevada and New York among 34 legal markets across the US. However, these projections represent a nearly 20% drop from last year’s $143.7 million handle, falling closer to the $117.4 million wagered in 2021.
New Jersey sportsbooks won’ capital t challenge final year’ t handle for a long period, if ever
Regardless of a 20% projected reduction in wagers, this year’s Super Bowl will still be profitable for New Jersey sportsbooks. Last year’s record-setting totals are unlikely to be surpassed, mainly due to more states legalizing sports betting.
However, New Jersey is expected to remain a top-three market in a competitive national industry. Joshua Ramsey, market analyst for Catena Marketing, stated, “Unfortunately for New Jersey’s local gambling industry, growth in New York means that the biggest Super Bowls might be behind us. However, the Eagles’ participation could keep New Jersey in the race with Nevada and New York for at least one more year, possibly even challenging for the silver medal once again this time.”
Given these projections, New Jersey should use this year’s Super Bowl as a baseline for the future. While more states may enter the competition in the future, New Jersey will remain near the top and continue to make headlines for the foreseeable future.
Phila. Eagles’ visual appeal could make 2023 the second-best year
The Philadelphia Eagles will be seeking their second Super Bowl title in franchise history. The Birds will be facing off against the Kansas City Chiefs, led by Andy Reid.
Reid coached the Philadelphia Eagles for 14 seasons (1999-2012) and remains the winningest head coach in franchise history (130-93-1).
With Philadelphia’s proximity to New Jersey and the specific mention of Atlantic City casinos, the Eagles’ involvement could give sportsbooks the boost they need to surpass the $117.4 million handle. Given the Eagles’ dominance throughout both the regular season and the playoffs, casual fans may have more incentive to place a bet on their team.
Ultimately, these bettors will not make up a significant portion of the total bets, as many of them will be small-scale bettors. However, regular bettors and high-stakes gamblers will already have money on the game regardless. If sportsbooks can generate a few additional million, they could achieve their second-best Super Bowl handle in state history.
Liable gambling in the forefront associated with Super Dish betting
The Super Bowl is the biggest sports betting event of the year. Fans bet on various aspects of the game, including props for non-football elements like the length of the national anthem and the color of Gatorade to be dumped on the winning coach.
With traditional spread and over-under bets, squares, and more, it’s easy for some people to get carried away.
Approximately 2-3% of the population struggles with gambling addiction, and the Super Bowl can be a dangerous trigger.
Therefore, the Super Bowl is also the most important time to practice responsible gambling and encourage those around you to do the same. Always set and stick to your limits, and be aware of any signs of problem gambling in yourself and others.
