Super Bowl Parlays Are Coming to States Without Legal Betting
Residents in states without legal sports betting will have plenty of options to wager on Super Bowl LX.
FanDuel and DraftKings have revealed plans to offer “combo” markets on their new prediction platforms for the NFL’s big game next weekend. These markets will operate like sportsbook parlays, allowing customers to group bets together for larger payouts.
Both operators plan to have the new offering, along with their standard sports contracts, in states without online sports betting. Since their markets are considered a form of commodity trading, the industry is legal in all 50 states.
That includes California, where this year’s game will be held.
The two sports betting giants won’t be alone in offering Super Bowl markets in non-betting states. Kalshi and Polymarket will also focus on those and offer far more markets for bettors.
Kalshi offered limited contracts for last year’s Super Bowl LIX, which helped spark the entire industry. Not only has the operator grown its offerings since then, but several other major operators will also be live.
This means bettors in non-betting states will have nearly the same wagering options as those in legal markets for Super Bowl LX.
Super Bowl Could Bring Big Changes
The NFL’s championship title won’t be the only thing on the line next Sunday.
With the prediction market industry up and running, we will finally have reliable data on how many residents in non-betting markets are placing wagers. Lawmakers seeking to legalize sports betting in those markets have argued that residents continue to find ways to place bets.
If prediction operators see the volume they expect, it would lend far more weight to that argument. It would also demonstrate the tax revenue those states could see from a legal sports betting market.
High volume will also raise alarms over problem gambling. States without legal markets don’t have many resources for gambling addiction, making it hard for people to find help. There is also a concern that many residents may be suffering in silence, fearing legal or financial consequences for betting on sports.
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