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Tag: bets

  • Super Bowl Bets Could Hit Nearly $1.8 Billion • This Week in Gambling

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    The American Gaming Association has released a new report on Super Bowl bets this year, projecting that Americans will wager a record 1.76 billion dollars legally on the big game. This forecast represents a significant 27 percent increase over the previous year and highlights the rapid expansion of the regulated sports betting industry across the United States.

    According to the AGA, the growth in Super Bowl bets is driven by the maturation of legal markets in 39 states and the District of Columbia. Missouri is the most recent state to join the legal landscape, having launched its regulated market in December 2025. This addition, combined with increased activity in high-volume states like New York, has contributed to the unprecedented financial expectations for the upcoming championship game between the Seattle Seahawks and the New England Patriots.

    While the primary focus remains on the record-breaking 1.76 billion dollar handle, the report also addresses the emergence of alternative platforms. A separate study conducted by the organization suggests that many consumers are confused by prediction markets, which often frame sports wagering as a form of investment rather than entertainment. Research indicates that 28 percent of those using prediction platforms describe their activity as investing, compared to just 9 percent of those using traditional sportsbooks.

    The data further shows that 78 percent of participants on these alternative platforms mistakenly believe that state regulators can resolve their disputes. In reality, these platforms often operate outside the established regulatory frameworks that govern traditional sportsbooks. Association President Bill Miller stated that these findings reinforce the necessity of state and tribal regulation, which provides consumer protections that other markets currently lack.

    Despite the rise of these alternative options, the demand for traditional Super Bowl bets shows no signs of slowing down. Other industry groups, such as the Sports Betting Alliance, have issued similar projections, estimating a total handle of 1.71 billion dollars. Analysts suggest that the return of legacy teams like the Patriots and Seahawks to the championship stage has sparked renewed interest in key betting hubs. As the game at Levi’s Stadium approaches, the industry is preparing for its busiest weekend in history, fueled by a consumer base that increasingly views wagering as a core component of the Super Bowl experience.

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    This Week in Gambling

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  • Here’s how to spot scam sports betting websites and apps when wagering in North Carolina

    Here’s how to spot scam sports betting websites and apps when wagering in North Carolina

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    NORTH CAROLINA (WTVD) — A new wave of scams is targeting customers looking to get into the action of sports betting.

    Starting March 11, you’ll be able to legally place a bet on your favorite sports team in North Carolina and you should be aware of who you’re giving your money to. Scammers are always looking for ways to get your money, and when it comes to sports betting don’t get caught up in the excitement and ignore the red flags on imposter sports betting websites.

    March 1st is the first day you can create an account and deposit money into online sportsbooks, so you are ready to place your bet on March 11. When you find a sports betting website, do your research.

    Nick Hill with the BBB of Eastern Carolinas says, “A lot of the scams that we’re anticipating are these scammers who create copycat websites and copycat services that mimic these real and legitimate sites and apps.”

    Hill says the BBB Scam Tracker is seeing reports from consumers who accidentally registered with scam sports betting websites and apps. Hill says the fakes lure you in with too-good-to-be-true deals. “Maybe sign-up deals or guarantee winnings with their bets. Just know that nobody can guarantee winnings and that will be a for sure sign of a scam,” Hill adds.

    One consumer filed a BBB Scam Tracker complaint that states: after seeing an ad online about a 1 for 1 deposit match, they put in $500, but their complaint alleges the match was far less valuable than their $500 and when it came time to withdraw their money, their account was locked and couldn’t get their $500 bucks back.

    Hill says, “Before you place your bet, you really need to read the fine print on incentives and the terms and conditions.”

    Before you place a bet, make sure the company is licensed to operate here in the state, which you can easily check online here.

    Also on any website, look for the lock symbol and HTTPS, that means the website is secure. Also know that even on legitimate sports betting websites, you might not get access to your winnings. “Make sure that you know that these companies and apps can freeze your winnings for any number of reasons if they deem that you have displayed unusual playing patterns,”

    Hill says.

    Research is always key when it comes to your money. The biggest thing you need to watch out for are copycat websites, that make big promises like everyone is a winner, or that if you lose they will refund your money.

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    Diane Wilson

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