Tag Archives: Super Bowl

SUPER BOWL TO GENERATE $1 BILLION IN LEGAL BETS

February 2, 2022 The Silo Leave a comment

(LAS VEGAS) — Bettors could place $1 billion usd in wagers on Super Bowl LVI at legal online and retail sportsbooks across the country, according to projections by PlayUSA, which provides news and analysis of the U.S. gaming industry. If sportsbooks reach those estimates it would roughly double last year’s estimated Super Bowl handle of more than $500 million, a product of the continued proliferation of legal sports betting.

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“$1 billion usd in legal wagering on a single game would be an impressive milestone for the industry,” said Dustin Gouker, lead analyst for PlayUSA.

“It would have seemed impossible just a few years ago to reach such heights, but with the expansion of sports betting over the last year it is inevitable that legal wagering will soar.”

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The Super Bowl is the most-wagered-on single sporting event in the U.S. In 2021, the American Gaming Association estimated that Americans & North Americans bet $4.3 billion usd on Super Bowl LV, both legally and illegally. PlayUSA estimates that more than $500 million usd was wagered at legal online or retail sportsbooks for last year’s game between the Kansas City Chiefs and the Tampa Bay Buccaneers, still a small chunk of the more than $50 billion usd in legal wagers placed across the country throughout 2021.

When the Los Angeles Rams and Cincinnati Bengals meet for the Super Bowl on Feb. 13, sports betting in some form will be legal in 30 states and Washington D.C. Those jurisdictions represent more than 166.9 million people, according to the U.S. Census Bureau estimates for 2021. By contrast, 120 million people lived in 21 legal sports betting jurisdictions for last year’s Super Bowl.

For this year’s game:

Sports betting is legal in at least some form in Arizona, Arkansas, Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Louisiana, Maryland, Michigan, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Virginia, Washington, Washington D.C., West Virginia, Wisconsin, and Wyoming.
New York, which was limited to retail sportsbooks last year, launched online betting in early January. New York is already on pace to shatter the U.S. record for monthly handle, which New Jersey set in October with $1.3 billion usd in bets.
Arizona, Connecticut, Louisiana, Maryland, North Carolina, North Dakota, South Dakota, Washington, Wisconsin, and Wyoming did not offer any form of legal sports betting for last year’s Super Bowl.
Even with legal sports betting in 30 states and Washington, D.C., no team from a state with legal sportsbooks has ever played in the Super Bowl. That will continue this year as Ohio awaits launch sometime over the next year and California lawmakers debate legalization.

“The sports betting landscape has changed dramatically since last year’s game,” said Eric Ramsey, data analyst for PlayUSA. “More than half of all Americans now live in a legal jurisdiction, and even well-established markets such as New Jersey and Nevada have grown significantly over the last year as mobile betting gains in popularity.”

PlayUSA projects that Nevada, which was the second-largest market in 2021 and historically the top Super Bowl market, will produce the largest Super Bowl handle with $175 million usd. New York could generate $160 million usd. If those estimates come to fruition, that would be more betting volume than every legal sportsbook in the U.S. combined to tally for the 2019 game.

New Jersey ($130 million usd), Illinois ($75 million usd), Pennsylvania ($70 million usd), Arizona ($55 million usd), Michigan ($45 million usd), Indiana ($40 million usd), Colorado ($35 million usd) Louisiana ($35 million usd), Virginia ($35 million usd), and Tennessee ($30 million usd) will follow Nevada and New York, according to PlayUSA estimates.

“Americans & North Americans have become increasingly comfortable with online betting in general and the less conventional bets it facilitates, such as in-game wagering,” Ramsey said. “This should really help boost Super Bowl betting, which for years has enticed bettors with fun prop bets and other unconventional wagers. The big difference this year is those types of bets are easier than ever to make in more places than ever before.” For The Silo, Zack Hall.

Gaming

NFL to Outlaw Taunting in Crackdown on Near-the-Knuckle Play

August 16, 2021 The Silo Leave a comment

When you spend your afternoon/evening running into people at full pace, attempting to put them on the deck, it kind of goes without saying that your blood will start to pump a little more aggressively.

That can manifest itself in all manner of ways and, in the NFL, one of the most common is for steam to be let off as part of post-touchdown celebration and taunting.

From the sublime to the ridiculous, taunting is part of the theater of football. From a tackler running their mouth when they have sacked a quarterback, to a TD scorer letting their opponents know how much they enjoyed crossing the line, this part celebration, part tribalism is an inherent part of the game.

And so it has been met with much frustration that NFL officials, as part of their rule change and points of emphasis framework for the 2021-22 season, have decreed that they will be stamping out taunting in all its various forms.

The NFL's annual rule change and points of emphasis video notes game officials have been instructed to strictly enforce taunting rules in 2021. Two violations results in automatic ejection, with fines and even suspensions (!!) in play, too.

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Going forward, a taunting offense will see the team in question hit with a 15-yard penalty, while two taunting violations in a game will be punishable with fines and/or automatic ejection.

Officials are keen to instil a sense of ‘respect’ back into the game, with the competition committee chairman, Rich McKay, stating: “We saw an increase in actions that clearly are not within the spirit and intent of this rule, [and] is not representative of the respect to opponents and others on the field.”

One of the prime examples of taunting last season came in the clash between the Kansas City Chiefs and the Tampa Bay Buccaneers. The Chiefs’ Tyreek Hill gesticulated at the Bucs defenders as he crossed the line for a touchdown, leaving them rather incensed. As Tampa closed in on a revenge victory in the Super Bowl, their safety Antoine Winfield Jr flashed the same gesture right in the face of Hill.

According to the NFL odds on bet365 for the Super Bowl, those two franchises are on a collision course to meet in the championship game next February once again, and so will Hill, Winfield, or anyone else for that matter, be tempted to taunt an opponent despite the punishments available?

The Numbers Game

Every year, there’s a raft of rule changes ahead of the new NFL season – some important and attention-grabbing, others less so.

Whether you will care that the restrictions on some jersey numbers have been lifted may just depend on whether you plan on buying a replica shirt or not.

Nothing riles up NFL fans more than seeing what jersey numbers their favorite players are donning each season. However, in the case of Mac Jones, his number may be met with some confusion.

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But a regulatory change will now see a wider pool of players being able allowed to wear single-digit numbers, as well as those between 80-89. That includes running backs, tight ends and wide receivers alongside the traditional quarterbacks and kickers.

Defensive backs can now also choose any number between 1 and 49, while linebackers can opt for 1-59 or 90-99, but linesmen still have the slimmer pickings of 50-79 or 90-99 to select from.

Whether that leads to a huge sea-change in the numbers that established NFL stars wear remains to be seen, but it could certainly give the new season a different look and feel. For the Silo, Carlos Cruz.

Gaming

Legalized Sports Betting Is A New Job Market In The USA

June 22, 2021 The Silo Leave a comment

A few years ago, on May 14, 2018, the Supreme Court decided to back New Jersey’s bid, allowing any state in the US to legalize sports betting. The Supreme Court overthrew PASPA – Professional and Amateur Sports Protection Act of 1992 – a law that was supposed to define the legal status of sports betting throughout the States.

However, PASPA didn’t ban sports gambling, it just didn’t permit the states to allow it. Passing the law ultimately resulted in creating an underground virtual monopoly over a multi-billion dollar industry.

Strong Case Against PASPA

The infographic below points out some facts regarding the illegal cash flow in the betting industry before the overturn of PASPA. As it turns out, the government of the state of New Jersey presented a strong case against PASPA, and it seems that participants of the hearings were worried that the law would restrain the States’ rights to raise revenue.

The American Gaming Association estimated that American citizens illegally wager more than $150 billion each year on sports betting. Until PASPA was struck down, Nevada was one of the only four states that permitted sports betting (Delaware, Oregon, and Montana also had an immunity). However, Nevada’s legally wagered money covered up for only a small portion of the total sum wagered on betting activities throughout the States (less than 4%).

Before PASPA was abolished, the Congress had the rights to mandate the forms that intrastate commerce states may regulate. However, by doing so, they didn’t manage to eliminate the sports betting market. They’ve just driven it underground.

New Beginnings Will Bring New Changes

On July 31st, 2018 ,Adam Silver, commissioner of the NBA, has teamed up with MGM, creating the first partnership between a major sports organization in the US and a gambling operator. The goal of this historic partnership is to preserve the integrity of the game and spread the global presence of the NBA.

MGM’s partnership with the NBA is only the next logical step in the development of this potentially booming industry. The process of accepting betting as a part of sports culture in the United States has begun.

The Cash Flow in Gambling is Tremendous

According to Oxford Economics, there is a lot going on under the table. Apparently, the numbers from the report project that the legalization of sports betting could increase the US annual GDP up to $40 billion.

Also, legalizing sports can help the US economy to keep the money within the States and help prevent domestic casinos to go bankrupt. Moreover, the newly-formed legal gambling system could create employment opportunities for more than 125,000 people.

When all of this is said and done, a typical worker in a reformed sports betting industry would have an average salary of approximately $48,000. In fact, this is only the beginning of economic benefits coming from legalized gambling in the US. Advances and technological innovations in online betting services will also have a strong impact on the economy.

A Bond Between Technology and Gambling

The United Kingdom has been the world’s leading online sports gambling market for many years now. UK mobile industry currently covers around 60% of the country’s sports betting market. The UK gambling market should serve as a blueprint for the future of sports betting in the US because mobile betting via smartphone apps would bring billions of dollars worth of revenue.

It is a known fact that technological developments make sports gambling far more entertaining. It’s much easier to place a bet for NBA Primetime Saturday game from your favorite recliner than having to drive to the casino at last minute.

It is only a matter of time before the mobile betting market in the US becomes the world’s largest. This somewhat bold statement doesn’t come as a shock if we take into consideration the potential influence of US powerhouse economy on the expansion of mobile betting industry.

To sum it all up, legalized sports betting in the US is a huge win for the US tax revenue, employment, and the entertainment business. Take a look at the nifty infographic below courtesy of our friends at NJ Games. For the Silo, Onur Unlu.