Legal sports betting continues to expand, with 38 states, D.C., and Puerto Rico now allowing wagers. Super Bowl 2025 saw $1.39 billion in legal bets, up slightly from last year’s $1.25 billion. When factoring in illegal betting, total wagers hit $23.1 billion. While sportsbooks are profiting overall, Vegas took a $5.3 million loss in December due to unpredictable playoff outcomes. However, parlay bets remain a major revenue driver for them.
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