Betting on the Bowl: How Much is Wagered on the Big Game?

HOW MUCH IS WAGERED ON THE BIG GAME? BETTING ON THE BOWL For most, the Super Bowl is incomplete without an innocent, friendly wager. It turns out the amount gambled on the Super Bowl is the equivalent of a massive industry and most of the money goes untaxed. We take a look at the numbers as well as some of the peculiar bets placed on the big game. BY THE NUMBERS GAMING IN THE 2011 SUPER BOWL, THE NEVADA GAMING CONTROL BOARD REPORTED THAT PEOPLE IN THE STATE LEGALLY BOARD ONTROL GAMBLED $87.5 MILLION. THE AMERICAN GAMING ASSOCIATION ESTIMATES THAT LEGAL GAMBLING IN NEVADA REPRESENTS ONLY 1.5 PERCENT OF THE NATIONAL TOTAL. 1.5% THAT WOULD MAKE THE TOTAL AMOUNT OF MONEY BET IN THE U.S. ON THE SUPER BOWL ALONE AN ESTIMATED $8.6 BILLION IN 2011. Note: Don't forget that while your gambling is all in good fun, your winnings are taxable by law I YOU BET IT'S AN INDUSTRY BETTING ON THE SUPER BOWL IS LEGAL IN SOME STATES. IN FACT, THE NEVADA GAMING BOARD RELEASES THE AMOUNT BET ON THE BIG GAME EACH YEAR. IT HAS RISEN DRAMATICALLY IN RECENT YEARS, BUT THE PROFIT MADE BY THE BOOKIES IS HIT OR MISS. Total Amount Gambled Profit Made By Sportbooks (Numbers in millions) $100 $87,491,098 $90 $80 $70 $60 = $50 $40 $30 $20 $10 = $724,176 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 PROPOSITION BETS: GAMBLING ON GATORADE?! PROPOSITION BETS ARE A HOT TOPIC EACH YEAR-THEY'RE THE GOOFY BETS THAT REALLY HAVE NOTHING TO D O WITH THE GAME. HERE ARE SOME OF THE PROP BETS YOU MIGHT SEE TOSSED AROUND IN 2012: How many times will Peyton Manning (Eli's brother) be shown on NBC during the game? What color Gatorade will be dumped on the winning coach following the game? How long will it take for Kelly Clarkson to sing the national anthem? What songs will Madonna sing? How many times will cameras show an actor from an NBC sitcom? mint.com SOURCES: GAMING.NV.GOV | BLEACHERREPORT.COM | AMERICANGAMING.ORG пи HOW MUCH IS WAGERED ON THE BIG GAME? BETTING ON THE BOWL For most, the Super Bowl is incomplete without an innocent, friendly wager. It turns out the amount gambled on the Super Bowl is the equivalent of a massive industry and most of the money goes untaxed. We take a look at the numbers as well as some of the peculiar bets placed on the big game. BY THE NUMBERS GAMING IN THE 2011 SUPER BOWL, THE NEVADA GAMING CONTROL BOARD REPORTED THAT PEOPLE IN THE STATE LEGALLY BOARD ONTROL GAMBLED $87.5 MILLION. THE AMERICAN GAMING ASSOCIATION ESTIMATES THAT LEGAL GAMBLING IN NEVADA REPRESENTS ONLY 1.5 PERCENT OF THE NATIONAL TOTAL. 1.5% THAT WOULD MAKE THE TOTAL AMOUNT OF MONEY BET IN THE U.S. ON THE SUPER BOWL ALONE AN ESTIMATED $8.6 BILLION IN 2011. Note: Don't forget that while your gambling is all in good fun, your winnings are taxable by law I YOU BET IT'S AN INDUSTRY BETTING ON THE SUPER BOWL IS LEGAL IN SOME STATES. IN FACT, THE NEVADA GAMING BOARD RELEASES THE AMOUNT BET ON THE BIG GAME EACH YEAR. IT HAS RISEN DRAMATICALLY IN RECENT YEARS, BUT THE PROFIT MADE BY THE BOOKIES IS HIT OR MISS. Total Amount Gambled Profit Made By Sportbooks (Numbers in millions) $100 $87,491,098 $90 $80 $70 $60 = $50 $40 $30 $20 $10 = $724,176 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 PROPOSITION BETS: GAMBLING ON GATORADE?! PROPOSITION BETS ARE A HOT TOPIC EACH YEAR-THEY'RE THE GOOFY BETS THAT REALLY HAVE NOTHING TO D O WITH THE GAME. HERE ARE SOME OF THE PROP BETS YOU MIGHT SEE TOSSED AROUND IN 2012: How many times will Peyton Manning (Eli's brother) be shown on NBC during the game? What color Gatorade will be dumped on the winning coach following the game? How long will it take for Kelly Clarkson to sing the national anthem? What songs will Madonna sing? How many times will cameras show an actor from an NBC sitcom? mint.com SOURCES: GAMING.NV.GOV | BLEACHERREPORT.COM | AMERICANGAMING.ORG HOW MUCH IS WAGERED ON THE BIG GAME? BETTING ON THE BOWL For most, the Super Bowl is incomplete without an innocent, friendly wager. It turns out the amount gambled on the Super Bowl is the equivalent of a massive industry and most of the money goes untaxed. We take a look at the numbers as well as some of the peculiar bets placed on the big game. BY THE NUMBERS GAMING IN THE 2011 SUPER BOWL, THE NEVADA GAMING CONTROL BOARD REPORTED THAT PEOPLE IN THE STATE LEGALLY BOARD ONTROL GAMBLED $87.5 MILLION. THE AMERICAN GAMING ASSOCIATION ESTIMATES THAT LEGAL GAMBLING IN NEVADA REPRESENTS ONLY 1.5 PERCENT OF THE NATIONAL TOTAL. 1.5% THAT WOULD MAKE THE TOTAL AMOUNT OF MONEY BET IN THE U.S. ON THE SUPER BOWL ALONE AN ESTIMATED $8.6 BILLION IN 2011. Note: Don't forget that while your gambling is all in good fun, your winnings are taxable by law I YOU BET IT'S AN INDUSTRY BETTING ON THE SUPER BOWL IS LEGAL IN SOME STATES. IN FACT, THE NEVADA GAMING BOARD RELEASES THE AMOUNT BET ON THE BIG GAME EACH YEAR. IT HAS RISEN DRAMATICALLY IN RECENT YEARS, BUT THE PROFIT MADE BY THE BOOKIES IS HIT OR MISS. Total Amount Gambled Profit Made By Sportbooks (Numbers in millions) $100 $87,491,098 $90 $80 $70 $60 = $50 $40 $30 $20 $10 = $724,176 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 PROPOSITION BETS: GAMBLING ON GATORADE?! PROPOSITION BETS ARE A HOT TOPIC EACH YEAR-THEY'RE THE GOOFY BETS THAT REALLY HAVE NOTHING TO D O WITH THE GAME. HERE ARE SOME OF THE PROP BETS YOU MIGHT SEE TOSSED AROUND IN 2012: How many times will Peyton Manning (Eli's brother) be shown on NBC during the game? What color Gatorade will be dumped on the winning coach following the game? How long will it take for Kelly Clarkson to sing the national anthem? What songs will Madonna sing? How many times will cameras show an actor from an NBC sitcom? mint.com SOURCES: GAMING.NV.GOV | BLEACHERREPORT.COM | AMERICANGAMING.ORG HOW MUCH IS WAGERED ON THE BIG GAME? BETTING ON THE BOWL For most, the Super Bowl is incomplete without an innocent, friendly wager. It turns out the amount gambled on the Super Bowl is the equivalent of a massive industry and most of the money goes untaxed. We take a look at the numbers as well as some of the peculiar bets placed on the big game. BY THE NUMBERS GAMING IN THE 2011 SUPER BOWL, THE NEVADA GAMING CONTROL BOARD REPORTED THAT PEOPLE IN THE STATE LEGALLY BOARD ONTROL GAMBLED $87.5 MILLION. THE AMERICAN GAMING ASSOCIATION ESTIMATES THAT LEGAL GAMBLING IN NEVADA REPRESENTS ONLY 1.5 PERCENT OF THE NATIONAL TOTAL. 1.5% THAT WOULD MAKE THE TOTAL AMOUNT OF MONEY BET IN THE U.S. ON THE SUPER BOWL ALONE AN ESTIMATED $8.6 BILLION IN 2011. Note: Don't forget that while your gambling is all in good fun, your winnings are taxable by law I YOU BET IT'S AN INDUSTRY BETTING ON THE SUPER BOWL IS LEGAL IN SOME STATES. IN FACT, THE NEVADA GAMING BOARD RELEASES THE AMOUNT BET ON THE BIG GAME EACH YEAR. IT HAS RISEN DRAMATICALLY IN RECENT YEARS, BUT THE PROFIT MADE BY THE BOOKIES IS HIT OR MISS. Total Amount Gambled Profit Made By Sportbooks (Numbers in millions) $100 $87,491,098 $90 $80 $70 $60 = $50 $40 $30 $20 $10 = $724,176 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 PROPOSITION BETS: GAMBLING ON GATORADE?! PROPOSITION BETS ARE A HOT TOPIC EACH YEAR-THEY'RE THE GOOFY BETS THAT REALLY HAVE NOTHING TO D O WITH THE GAME. HERE ARE SOME OF THE PROP BETS YOU MIGHT SEE TOSSED AROUND IN 2012: How many times will Peyton Manning (Eli's brother) be shown on NBC during the game? What color Gatorade will be dumped on the winning coach following the game? How long will it take for Kelly Clarkson to sing the national anthem? What songs will Madonna sing? How many times will cameras show an actor from an NBC sitcom? mint.com SOURCES: GAMING.NV.GOV | BLEACHERREPORT.COM | AMERICANGAMING.ORG HOW MUCH IS WAGERED ON THE BIG GAME? BETTING ON THE BOWL For most, the Super Bowl is incomplete without an innocent, friendly wager. It turns out the amount gambled on the Super Bowl is the equivalent of a massive industry and most of the money goes untaxed. We take a look at the numbers as well as some of the peculiar bets placed on the big game. BY THE NUMBERS GAMING IN THE 2011 SUPER BOWL, THE NEVADA GAMING CONTROL BOARD REPORTED THAT PEOPLE IN THE STATE LEGALLY BOARD ONTROL GAMBLED $87.5 MILLION. THE AMERICAN GAMING ASSOCIATION ESTIMATES THAT LEGAL GAMBLING IN NEVADA REPRESENTS ONLY 1.5 PERCENT OF THE NATIONAL TOTAL. 1.5% THAT WOULD MAKE THE TOTAL AMOUNT OF MONEY BET IN THE U.S. ON THE SUPER BOWL ALONE AN ESTIMATED $8.6 BILLION IN 2011. Note: Don't forget that while your gambling is all in good fun, your winnings are taxable by law I YOU BET IT'S AN INDUSTRY BETTING ON THE SUPER BOWL IS LEGAL IN SOME STATES. IN FACT, THE NEVADA GAMING BOARD RELEASES THE AMOUNT BET ON THE BIG GAME EACH YEAR. IT HAS RISEN DRAMATICALLY IN RECENT YEARS, BUT THE PROFIT MADE BY THE BOOKIES IS HIT OR MISS. Total Amount Gambled Profit Made By Sportbooks (Numbers in millions) $100 $87,491,098 $90 $80 $70 $60 = $50 $40 $30 $20 $10 = $724,176 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 PROPOSITION BETS: GAMBLING ON GATORADE?! PROPOSITION BETS ARE A HOT TOPIC EACH YEAR-THEY'RE THE GOOFY BETS THAT REALLY HAVE NOTHING TO D O WITH THE GAME. HERE ARE SOME OF THE PROP BETS YOU MIGHT SEE TOSSED AROUND IN 2012: How many times will Peyton Manning (Eli's brother) be shown on NBC during the game? What color Gatorade will be dumped on the winning coach following the game? How long will it take for Kelly Clarkson to sing the national anthem? What songs will Madonna sing? How many times will cameras show an actor from an NBC sitcom? mint.com SOURCES: GAMING.NV.GOV | BLEACHERREPORT.COM | AMERICANGAMING.ORG HOW MUCH IS WAGERED ON THE BIG GAME? BETTING ON THE BOWL For most, the Super Bowl is incomplete without an innocent, friendly wager. It turns out the amount gambled on the Super Bowl is the equivalent of a massive industry and most of the money goes untaxed. We take a look at the numbers as well as some of the peculiar bets placed on the big game. BY THE NUMBERS GAMING IN THE 2011 SUPER BOWL, THE NEVADA GAMING CONTROL BOARD REPORTED THAT PEOPLE IN THE STATE LEGALLY BOARD ONTROL GAMBLED $87.5 MILLION. THE AMERICAN GAMING ASSOCIATION ESTIMATES THAT LEGAL GAMBLING IN NEVADA REPRESENTS ONLY 1.5 PERCENT OF THE NATIONAL TOTAL. 1.5% THAT WOULD MAKE THE TOTAL AMOUNT OF MONEY BET IN THE U.S. ON THE SUPER BOWL ALONE AN ESTIMATED $8.6 BILLION IN 2011. Note: Don't forget that while your gambling is all in good fun, your winnings are taxable by law I YOU BET IT'S AN INDUSTRY BETTING ON THE SUPER BOWL IS LEGAL IN SOME STATES. IN FACT, THE NEVADA GAMING BOARD RELEASES THE AMOUNT BET ON THE BIG GAME EACH YEAR. IT HAS RISEN DRAMATICALLY IN RECENT YEARS, BUT THE PROFIT MADE BY THE BOOKIES IS HIT OR MISS. Total Amount Gambled Profit Made By Sportbooks (Numbers in millions) $100 $87,491,098 $90 $80 $70 $60 = $50 $40 $30 $20 $10 = $724,176 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 PROPOSITION BETS: GAMBLING ON GATORADE?! PROPOSITION BETS ARE A HOT TOPIC EACH YEAR-THEY'RE THE GOOFY BETS THAT REALLY HAVE NOTHING TO D O WITH THE GAME. HERE ARE SOME OF THE PROP BETS YOU MIGHT SEE TOSSED AROUND IN 2012: How many times will Peyton Manning (Eli's brother) be shown on NBC during the game? What color Gatorade will be dumped on the winning coach following the game? How long will it take for Kelly Clarkson to sing the national anthem? What songs will Madonna sing? How many times will cameras show an actor from an NBC sitcom? mint.com SOURCES: GAMING.NV.GOV | BLEACHERREPORT.COM | AMERICANGAMING.ORG