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Yield Sec research puts illegal share of US Super Bowl bets at two-thirds

Regulation

Research by gambling analysis firm Yield Sec, cited in a report, estimated that Americans wagered $5.37bn on the 2024 Super Bowl, with $1.4bn placed legally. The figures imply that roughly two-thirds of the bets were placed in the illegal market. The report also cited estimates that 80% of Americans support legal sports betting in their state, while one-quarter were unsure whether betting apps were legal where they lived.

The estimates highlight illegal wagering and uncertainty about app legality as challenges for regulated sportsbooks.

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Nevada sportsbooks take $133.8m in Super Bowl wagers as handle falls

Nevada’s Gaming Control Board reported that 186 sportsbooks handled $133.8 million in Super Bowl wagers, down from $151.6 million a year earlier and the lowest total in 10 years. Unaudited figures showed sportsbooks won $9.8 million, a 7.4% hold. Sportsbook executives cited prediction markets among several possible factors; Nevada regulators separately sought to stop Coinbase’s prediction-market products, and a federal judge issued a temporary 14-day restraining order.

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