Super Bowl 58 Betting Recap: Behind the Record-Breaking Numbers

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Super Bowl Sunday was a good day for the Swifties and a bad day for the house. We have all the data and record-breaking numbers in our Super Bowl 58 betting recap.

Sunday’s game set records for viewership and broke NFL betting records. The sportsbooks getting cooked was less of an easy prediction as many sharps picked the 49ers to take home the Lombardi trophy.

But leading up to the game, the public was all over the Chiefs to win and to cover. For example, on Sunday afternoon, BetMGM reported that 77% of the moneyline bets and 65% of spread bets favored the Chiefs.

“It was a bad Super Bowl for the sportsbook. Many bettors had the Chiefs winning and overs on popular player props,” Tristan Davis, a senior Trader at BetMGM, said in a statement.

Super Bowl 58 Betting Recap: Big Bets at BetMGM

BetMGM did not disclose specific figures but did share some notable bets and popular player props.

Big wins:

  • $300,000 was placed on Chiefs +2
  • $125,000 was placed on Chiefs +110
  • $100,000 on Heads (-105) being result of coin toss (tails had won in six of the last nine years).

Popular player props:

  • Brock Purdy over 11.5 rushing yards (-120) / Final result: 12 rushing yards.
  • Travis Kelce over 69.5 receiving yards (-135) / Final result: 93 receiving yards.
  • Patrick Mahomes over 25.5 rushing yards (-125) / Final result: 66 rushing yards
  • Christian McCaffrey (+375) to score 1st touchdown / Final result: Yes
  • Christian McCaffrey (-210) to score anytime touchdown / Final result: One touchdown
  • Patrick Mahomes (+145) to win Super Bowl MVP / Final result: Yes

While Mahomes took the MVP trophy, BetMGM reported that 11.8% of all tickets and 14.1% of the total handle were on Christian McCaffrey to win the award at +405. Travis Kelce was the most popular pre-game pick for the Chiefs at +1400. BetMGM said he received 6.8% of tickets and 5.7% of the handle. Meanwhile, Patrick Mahomes +120 gobbled up 5.1% of bets and 4.6% of the handle.

Related Pages: Super Bowl Odds | NFL Betting Promos | Best Sportsbook Promos

Popular Super Bowl 58 Bets at DraftKings

Not surprisingly, Christian McCaffrey, who set the record this year for most consecutive games with a touchdown, was the most bet player to reach the end zone on Sunday at -225, followed by Travis Kelce at -110. Chiefs workhorse running back Isiah Pacheco received the third most touchdown bets at -120. Deebo Samuel of the 49ers (+135) and Patrick Mahomes (+400) rounded out the top five.

Niners QB Brock Purdy’s alternate line of 200+ passing yards at -400 was the most bet passing prop, followed by him throwing at least one touchdown. Mahomes’ alternate passing yards of more than 200 yards and 225 yards were the third and fourth most popular, followed by him throwing at least two touchdowns.

Like BetMGM, Purdy’s rushing yards were popular and saw the most action of any rushing prop at DraftKings. Kyle Juszczyk having at least one reception was the most popular receiving prop.

Record-Breaking Day in Nevada and the Country

The Nevada Gaming Control Board said in a press release on Monday that a record-breaking $185.6 million was wagered at the state’s 182 sportsbooks on the Super Bowl — up from $153 million last year.

FanDuel also reported it took a record-setting 14 million bets totaling $307 million from 2.5 million FanDuel customers.

GeoComply, which tracks geolocation data for major sportsbooks, reported in a press release that it saw a 22.3 percent increase in geolocation checks throughout Super Bowl weekend, surpassing last year’s figures. Per the release,  GeoComply analyzed its data across 28 U.S. states, Washington D.C., and Puerto Rico with legal, online sports betting during Super Bowl 58 weekend.

“The continued transition to the legal market set the stage for a historic first Super Bowl in Las Vegas, and the record-breaking results we saw did not disappoint. We are proud to help foster the growth of a regulated industry that puts accountability, security, and player protection at the forefront,” Anna Sainsbury, CEO and Co-Founder of GeoComply, said in the release.

Super Bowl Betting Records Are Meant to Be Broken

I do not think anyone should be surprised that Sunday’s game shattered betting records. Before the game, the American Gaming Association predicted a record-setting 68 million American adults were expected to bet on the game. In 2023, it heralded a record-setting 50 million bettors. And next year, we will see another release indicating another record-breaking number.

According to the AGA, more than half of American adults (57%) live in a live, legal sports betting market – a percentage that will continue to increase as more states legalize sports betting.

If we use Nevada as a case study, it’s evident that we will only see the record continue to break.

Nevada, which has had legal sports betting long before the 2018 U.S. Supreme Court decision to allow other states to open the door to online betting, has seen the amount of Super Bowl wagers increase every year since 2015, from $115 million to $185 million now.

Data from GeoComply further proves this point, as it reported that since the start of the 2023 NFL regular season through to the Super Bowl, GeoComply customers have added more than 13.7 million new accounts, a 28 percent increase from last season.

The evolution of mobile betting will also drive this trend. Minutes before kick-off, GeoComply said it saw a massive spike in traffic totaling 14,750 transactions per second — the highest TPS ever recorded on GeoComply’s systems, nearly doubling the last Super Bowl’s peak.

The bubble may burst at some point, and the novelty of being able to place a bet may wear off in time. As long as there are still more states to legalize sports betting, the record will continue to break.

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About the Author

Keith Schubert

Keith Schubert is a freelance writer at Gaming Today. He enjoys writing about the intersection of politics and sports gambling as well as the industry's larger cultural impacts.

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