Super Bowl more than just a "game" to millions of gamblers, or o

Super Bowl more than just a "game" to millions of gamblers, or one in ten Americans

Posted: Updated:
LUBBOCK, Texas -

A record-breaking $6 billion.

That's what is at stake for the one in ten Americans betting on this year's Super Bowl between the Los Angeles Rams and New England Patriots.

"Yeah, this will probably be the biggest betting day of the year, even from just the perspective of one event. So Las Vegas is going to see an influx, there's going to be lots of people going to Vegas for the game, and also a lot of stuff is going down in Atlanta, so you're going to see a massive influx of betting," Matt Huml, with the Texas Tech Sports Management Department, said.

He said while most bets are tied to the outcome of the game, there are also millions of gamblers who bet on what are called "prop bets."

"Prop bets could be people picking heads or tails on the coin flip, what type of Gatorade color will be poured on the coach, how long the national anthem will go, just all kinds of stuff like that," Huml said. 

The 1992 federal law banning sports betting was struck down by the U.S. Supreme Court last May, yet according to the American Gaming Association, legal bets registered just 5.3 percent of the $6 billion.

Huml said this trend will continue as online betting becomes more available. 

"You're going to have a lot of gambling that either happens informally that people obviously don't report to the IRS, depending on much the winnings are, or it isn't protected by state law, and that's where things kind of get into a gray area or unethical area of how betting is being placed," Huml said. 

Huml added the 25 million gamblers betting on the Super Bowl are rarely tied to either team, so with money on the line for nearly each part of the event, the "big game" is more than just a game.
 

Powered by Frankly