Americans are anticipated to place approximately $1.5 billion in legal wagers on Super Bowl 59, according to Eilers & Krejcik Gaming (EKG), cited by EGR North America. This estimate includes bets placed across 34 states where commercial sports betting is legal. The game, featuring the Kansas City Chiefs and the Philadelphia Eagles, is set to attract an influx of high-stakes wagers and parlays.

The rapid expansion of legalized sports betting has driven a surge in Super Bowl wagering. In 2021, an estimated $4.3 billion was wagered on the event, a figure that increased to $16 billion by 2023. With more states now allowing sports betting, experts anticipate another substantial jump in total bets placed on this year’s championship.

Notable Super Bowl Bets and High-Stakes Wagering

Several significant bets have already been placed ahead of Super Bowl 59, Fox Sports pointed out. A bettor at Caesars Sports wagered $200,000 on the Eagles at +275, which would result in a $750,000 total payout if the team secures victory. Another bettor at Borgata Sportsbook placed $50,000 on Philadelphia at +700, potentially earning $400,000.

Meanwhile, Kansas City has also attracted some notable wagers. One DraftKings bettor placed $22,000 on the Chiefs at +650 shortly after their victory in Super Bowl 58. If the team secures another title, the bet will yield a total payout of $165,000. More recent wagers include a $50,000 bet at Caesars on the Chiefs at +210, which could result in a $155,000 total payout.

Beyond outright winner bets, high-stakes wagers have been placed on the point spread and moneyline. BetRivers took two large bets on Kansas City, including $63,370 at -135 and $55,000 at -132. The Eagles have also seen substantial moneyline action, with a $50,000 wager at +115 at Rampart Casino and another $50,000 at +110 at Caesars.

Futures Parlays and MVP Bets Gain Momentum

Futures parlays involving Super Bowl outcomes have become increasingly popular, with some bettors standing to win significant payouts. A DraftKings customer who placed a $100 four-leg parlay including UConn, the Boston Celtics, Ohio State, and the Chiefs could turn their bet into $76,130 if Kansas City secures the championship. A separate FanDuel bettor placed a $25 four-leg parlay including Spain, Argentina, Ohio State, and the Chiefs, potentially turning that bet into $13,513.

Interest in Super Bowl MVP betting has also intensified. The most notable wager on this market is a $25,000 bet at BetMGM on Travis Kelce at +1500, which would net $375,000 if he wins the award. Long-shot MVP bets have also been placed on kickers Harrison Butker and Jake Elliott at 1000-1 odds, with some bettors risking modest amounts in hopes of a massive payout.

With legal sports betting now accessible in a majority of U.S. states, the Super Bowl remains the most bet-on event of the year. BetMGM’s Christian Cipolloni, cited by Arizona Republic via USA Today, noted that last year’s game attracted wagers equivalent to three weeks’ worth of regular-season NFL betting. With growing participation and increasingly diverse betting options, sportsbooks are preparing for yet another record-breaking Super Bowl Sunday.