Super Bowl LIV (53) expected to break all previous gambling records…but at what cost?

Casino Watch Focus has reported on the significant about of gambling on the Super Bowl each year, and Super Bowl 53 is poised to be the most impactful yet.  When the Kansas City Chiefs and San Francisco 49ers take the field, there will be more states with legalized sports betting than ever.  As a result, experts see record amounts of money being bet on this year’s game. Fox Business breaks down the numbers:

About 26 million Americans are expected to bet on the game through various means, including brick-and-mortar sportsbooks and online platforms, the American Gaming Association said. The record total marks a 15 percent increase compared to the estimated betting turnout from last year’s game, which drew wagers from approximately 22.7 million Americans.

The bets will be worth an estimated $6.8 billion, up from $6 billion last year. The projected total includes both legal betting venues, such as brick-and-mortar sportsbooks, and illegal methods, such as bookies and offshore mobile platforms.

Many think gambling on the Super Bowl is harmless fun, and for some, who do it legally, it could be that simple. However, the consequences for others can be extreme. A Fox News affiliate has reported that Super Bowl night is not only the biggest night for gamblers, but it also sees the most suicides as well. For those that don’t suffer the ultimate fate, they can still lose enough to cause irreparable harm to their finances and family. Fox Now online explains:

“Super Bowl is probably one of the biggest gambling days of the year,” said Gambling Addiction Counselor, Jim Harrison [a gambling counselor in Milwaukee.] He says the wagers placed on the Super Bowl are often not taken as seriously and can be seen as harmless and fun. “In reality it is betting, it is gambling,” said Harrison. Those compulsive gamblers see it as a day to make up for other sports losses this season.

Harrison says it’s not harmless at all for those with an addiction — betting is done with bookies and online and it could bring losses. “If it causes family problems, certainly financial problems,” said Harrison. “I’ve had clients who have literally lost over $300,000 gambling,” said Harrison. The Super Bowl can bring losses to those betting on it all, and it can be tempting to those dealing with gambling addiction.

For more information on the dangers of gambling, please visit CASINO WATCH & CASINO WATCH FOUNDATION


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