The early money had been lopsided on the over, including at the SuperBook, which took a $110,000 bet on over 52.5, shortly after putting the Super Bowl odds on the board on championship Sunday. Moneyline Betting. Betting on the moneyline is the easiest Super Bowl bet you can make. If Tampa Bay covers, McIngale would win $6,150,440. It's the biggest bet placed on the Super Bowl this year, according to the Action Network. Another bettor placed $2.3 million, also on Buccaneers.
The Super Bowl LV line was up at BetMGM since the AFC championship game was done 12 days ago and aside from a shift in the first 24 hours, it had remained the same.
Then on Friday, there was a significant move.
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The Kansas City Chiefs, who were 3.5-point favorites since the Monday after the AFC championship game at BetMGM, were moved to a 3-point favorite. The move seems predicated on money coming in on the Tampa Bay Buccaneers, including two big bets since the Super Bowl LV line was opened.
If you want the Chiefs, you don't have to lay more than a field goal at BetMGM. Until there's another line move, if there is one.
Super Bowl line hadn't moved in a while
Sportsbooks are hesitant to move an NFL point spread when it involves the key number of 3. Point spreads of 3 and 7 on NFL games are the most important because those are the most common winning margins.
By having the Buccaneers at +3.5 for most of the two-week lead-up to the Super Bowl, then moving it to Chiefs -3 before the expected rush of money on the game this weekend, the books are setting up a difficult situation.
If the Chiefs win by exactly 3, all of the Chiefs -3 and Buccaneers +3 tickets would be a push and get refunded, and all of the Buccaneers +3.5 tickets are winners. Only those who took the Chiefs at -3.5 would lose.
'Super Bowl odds have been up for nearly two weeks but 90 percent of all bets on the big game will be placed this weekend,' BetMGM VP of trading Jason Scott said. 'That being said, BetMGM currently needs the Chiefs to cover as we have moved the Buccaneers from +3.5 to +3.'
Sportsbooks kept profiting in the second half of the season when the Chiefs were winning but not covering the spread. The Chiefs were 0-8-1 against the spread and 8-1 straight up over a nine-game stretch after Nov. 1. Because the Chiefs are a popular team, those Kansas City losses were generally profitable for the house.
Now the house is rooting for Patrick Mahomes and the Chiefs in the biggest game of the year, though that could change if there's a late rush of Chiefs money.
© Provided by Yahoo! Sports Tampa Bay Buccaneers tackle Tristan Wirfs during practice on Friday before Super Bowl LV. (Tori Richman/Tampa Bay Buccaneers via AP)Biggest bets are on Bucs
The two biggest bets on the point spread, by far, were on the Buccaneers at +3.5. There was a $2.3 million bet on the Buccaneers to win $2 million, which MGM Resorts director of trading Jeff Stoneback said he believed was the largest sports bet the company has ever taken. There was also a $345,000 bet on the Buccaneers at +3.5 to win $300,000.
As of Friday evening, no other bet on the point spread was more than $200,000.
The line could move again. The Super Bowl is the most-bet game of the year and almost all Super Bowl bets come in over the last 48 hours before kickoff.
For now, BetMGM is in the odd position of backing the Chiefs.
More from Yahoo Sports:
We're still waiting on more states to report, but legal Super Bowl betting already topped 2020‘s total.
So far, handle from 13 states plus Washington DC reporting full or preliminary results on Super Bowl 55 totaled $443.7 million:
Legal betting states reported more than $280 million in handle last year with the full US estimated around $300 million. PlayUSAexpects more than $500 million in legal US Super Bowl bets this year.
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Not every state will break out details specifically for the game. States that will not do so include:
There were seven additional legal jurisdictions taking bets this year, which led to more than three times the online betting transactions over Super Bowl weekend compared to last year. That number could have been higher had multiple sportsbooks not struggled with outages before and during the game.
| State | 2021 Handle | 2020 Handle | 2021 Revenue | 2021 Hold | 2021 Tax/State Revenue |
|---|---|---|---|---|---|
| Colorado* | $31,200,000 | N/A | N/A | N/A | N/A |
| Delaware | $1,900,000 | $2,100,000 | $226,000 | 11.9% | N/A |
| Illinois | $45,610,513 | N/A | $7,659,269 | 16.8% | $1,148,890 |
| Iowa* | $16,300,000 | $6,500,000 | N/A | N/A | N/A |
| Mississippi* | $8,000,000 | $6,700,000 | N/A | N/A | N/A |
| Montana* | $493,000 | N/A | $11,000 | 2.2% | N/A |
| Nevada | $136,096,460 | $154,679,241 | $12,574,125 | 9.2% | $848,753 |
| New Hampshire | $7,100,000 | $2,310,000 | -$1,700,000 | -23.9% | N/A |
| New Jersey | $117,400,000 | $54,300,000 | $11,300,000 | 9.6% | N/A |
| Oregon | $3,465,472 | $2,000,000 | $696,230 | 20.1% | N/A |
| Pennsylvania | $53,634,680 | $30,693,942 | $9,394,271 | 17.5% | N/A |
| Rhode Island* | $6,500,000 | $5,500,000 | N/A | N/A | N/A |
| Tennessee* | $15,427,000 | N/A | $2,801,000 | 18.2% | N/A |
| Washington DC | $544,292 | N/A | -$9,546 | -1.8% | N/A |
| Total | $443,671,417 | $264,783,183 | $42,952,349 | N/A | N/A |
*Denotes preliminary results
Nevada leads Super Bowl betting handle
Even with travel and casino occupancy limited by the coronavirus pandemic, Nevada looks like it will again lead states in Super Bowl handle.
Nevada's sportsbooks took $136.1 million in bets on the game, holding 9.2% for $12.6 million in revenue.
Handle fell 12% with revenue down 33% compared to 2020.
NJ, PA rank second & third
New Jersey‘s 12 retail and 21 online sportsbooks took $117.4 million in bets on the game, up 116% over last year's total.
Sports betting revenue was $11.3 million, good for a 9.6% hold.
Even though online Pennsylvania sports betting transactions over Super Bowl weekend outpaced New Jersey by about 14%, PA's handle was less than half of New Jersey's.
Pennsylvania's sportsbooks reported $53.6 million, up nearly 75% from 2020. Revenue was $9.4 million for a 17.5% hold.
Illinois takes vast majority of action online
Surprisingly, Illinois was the first state to report Super Bowl stats. That caught many off-guard considering the state's gaming regulator is usually about two months behind others reporting sportsbook stats.
The legal IL sports betting market took $45.6 million in handle with 93.7% of all wagers coming online.
Sportsbooks made $7.7 million in revenue, good for an atypical 16.8% hold. That hold could be boosted by overconfident Kansas City Chiefs fans crossing into Illinois from neighboring Missouri to place their bets.
Delaware's handle dips, but positive hold
Delaware took a total of $1.9 million in bets this year, according to Delaware Lottery Director Vernon Kirk.
That's down from $2.1 million bet last year, though the Lottery turned a profit in 2021. Total win was $226,000, up from a loss of $229,000 last year.
Delaware's three casinos reported $1.4 million in straight wagers with $132,000 in revenue. Prop parlay cards at lottery retail locations saw $264,000 in handle with revenue of $108,000.
Futures wagers at both casinos and lottery retailers totaled $217,000 with a loss of $15,000.
Oregon Lottery adds nearly 1,500 customers
There was $3.5 million bet through the Oregon Lottery‘s Scoreboard platform, operated by DraftKings-ownedSBTech.
The sportsbook reported $696,230 in revenue, or a gaudy 20.1% hold.
Nearly 1,500 new accounts were registered on Super Bowl Sunday alone.
Total Money Bet On Super Bowl 2020
Others share Super Bowl betting numbers
Money Line Bet On Super Bowl
Some states didn't have formal reports ready with all the stats but shared some of their initial results:
Big Bet On Tampa Bay
- Colorado sportsbooks took $31.2 million in bets, according to a Department of Revenue spokesperson. That includes $16.9 million in game day bets and $14.3 million in futures bets.
- Sports betting in Iowa was live for Super Bowl 54, but the market looked much different. Iowa's in-person registration law finally expired in January, which helped last month's handle jump 42.7% over the prior year. Super Bowl handle also jumped in part to remote registration. Iowa's sportsbooks took $16.3 million in bets, up from $6.5 million last year, Iowa Racing and Gaming Administrator Brian Ohorilko said.
- Mississippi, which only offers retail betting and has rejected a full mobile expansion for years, took $8 million in Super Bowl bets, according to a Mississippi Gaming Commission spokesperson.
- SportsbookRhode Island took around $6.5 million in bets, which is up from $5.5 million last year but flat on 2019‘s Super Bowl, which also included a Tom Brady appearance.
