Betting on the Super Bowl this Sunday for the matchup between the two-time defending NFL champion Kansas City Chiefs and the Philadelphia Eagles is anticipated to produce unprecedented legal wagering figures. 

With sports wagering legalized and functioning in 38 states along with Washington, DC, the American Gaming Association (AGA) estimates that regulated bookmakers will handle nearly $1.4 billion in wagers on Super Bowl LIX. That’s approximately $150 million higher than the AGA’s prediction for last year’s Super Bowl.

"No single event unites sports fans like the Super Bowl, and that excitement extends to sports betting, with this year’s record legal handle reflecting its widespread appeal,” said Bill Miller, AGA president and CEO. “This figure underscores the positive impact of the legal market — from protecting consumers to generating tax revenue that benefits communities across the country — while enhancing the game experience for all.”

The AGA, the industry organization advocating for its commercial and tribal gaming members to federal and state lawmakers nationwide, asserts that a regulated sports betting market encourages responsible involvement, protects consumers, and fosters economic development. The AGA also contends that legal gambling harms illegal offshore and underground betting activities, yet in the realm of sports wagering, the unlawful industry continues to thrive. 

Sports Wagering Sites Continue to be Trendy 

The AGA predicts that the Super Bowl LIX on Sunday will witness a record $1.39 billion in legal wagers placed on the NFL championship matchup. Although an unprecedented number of sports bettors are anticipated to engage with a legal, regulated sportsbook, whether online or face-to-face, the illegal market remains robust. 

In earlier years, the AGA offered Super Bowl wagering estimates that encompassed both legal and illegal avenues. For the previous year's matchup, the trade organization projected that a historic 68 million individuals in the U.S. would wager over $23.1 billion on Super Bowl LVIII featuring the Chiefs and the San Francisco 49ers. 

The ambitious predictions emerged even though both teams hailed from states where sports betting was still illegal. Last year, sports betting was legalized in Missouri via a statewide ballot referendum, but it will not commence until this summer. 

Philadelphia originates from one of the wealthiest states for legal sports wagering. With the Chiefs vying for a three-peat, a historic first in the Super Bowl era, excitement for betting is elevated. 

The most recent team to capture three consecutive NFL championships was the Green Bay Packers, who secured the 1965 NFL Championship and subsequently won Super Bowls I and II in the next two seasons. 

Super Bowl Probabilities 

Only five days remain until Super Bowl LIX begins at 6:30 pm EST at the Caesars Superdome in New Orleans, with the Chiefs holding a narrow betting advantage over the Eagles. 

Kansas City is favored by 1.5 points at most sportsbooks, such as FanDuel, DraftKings, BetMGM, and ESPN Bet. Supporters of the Chiefs can discover marginally improved odds at Caesars Sportsbook, where KC is favored by just a single point. 

Regarding the moneyline, the majority of sportsbooks show Kansas City at -120 and Philadelphia at +100. The total points on the over/under is set between 48.5 and 49. Many sportsbooks offer a variety of prop bets, including the outcome of the coin toss and the color of Gatorade that will be dumped on the victorious coach.