Super Bowl LVII estimated to be the biggest sports betting event

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Super Bowl LVII is shaping up to be the largest sports betting event with an estimated 50.4 million people involved with gambling. According to the American Gaming Association (ASA), over $16 billion will be wagered.

Johnny Avello, the Director of Race and Sportsbook Operations for DraftKings, talked more about the different sports betting for the Super Bowl. “It’s probably somewhere around 850, 950 props, different ways to bet the game. Its entertainment for people who have never played on it before because we do more than just sports. We have thing up there like a Gatorade color. Now we also have bets aimed at the game.” Avello said.

While one in five people will be gambling this weekend Avello did warn about sports betting abuse. “We’re very aware of the problem. And, you know, we spend a lot of money helping people who do get addicted. So we have self-exclusion, we put limits on people, we have limits for deposits, and we have a staff that’s trained throughout the year.” Avello said.

Over 30 states have legal sports betting available, in places like Wisconsin and also Michigan. However, Minnesota is still working on reintroducing legislation. Tiffany Shultz, the Southwest Regional Director of the Better Business Bureau in Wisconsin explained how the state operates. “There are some casinos in the state of Wisconsin, tribal casinos that make sports betting available at the casino. And it’s really important to go ahead and check the laws for the state that you’re in to make sure that sports betting is legal in your state.” Schultz said.

Schultz also had some helpful advice if you are new to sports betting and how to pace yourself. “Do your research before you place a bet. Just be careful with what you spend. Know what you’re getting into. If you’re placing a wager with a group of friends, know what you can’t afford, know what you can afford to lose, and have fun playing.” Schultz said.

Iowa legalized sports gambling back in 2019. According to the American Gaming Association, through the first eleven months of 2022, the state of Iowa generated $143.7 million.

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