How Much Money Was Lost Betting on Super Bowl 51?

The big game is almost upon us, and with it, the excitement and anticipation of the most watched sporting event of the year. Millions upon millions of people will tune in to witness the thrilling clash of the football titans, and with it, the massive payout that comes with victory.

The NFL season kicks off on Sunday, February 4th, so this year’s big game will be played a couple of weeks later than usual.

This article will tell you everything you need to know about the massive payout that comes with winning the Super Bowl, including how much money was actually spent in the betting markets, and how much the league and its teams will actually make this year. Let’s get started.

The Biggest Payout In History

In 2017, the Dallas Cowboys became the first team in NFL history to successfully defend their crown, defeating the Philadelphia Eagles in a thrilling 36-31 thriller. During one of the most memorable games in recent memory, the heavily favored Eagles found themselves down 28-7 at halftime, but amazingly came back to win the game.

It was a massive upset, and one that many expected the Cowboys to win easily. Instead, the game was quite the opposite, and it saw the Eagles defeat the defending champions by a score of 29-23. That’s a grand total of $1362.8 million in cash and prizes going to Philadelphia.

A similar story unfolded in 2006, when the New England Patriots defeated the St. Louis Rams in a game that was almost as close as the one that year. The Rams trailed by a point with just under a minute to play, but managed to drive the field for a game-winning field goal as time expired.

Once again, the Patriots were the last team standing, and they managed to defend their title with a 17-14 win over the Rams. The grand total of $1362.75 million was sent the team’s way.

Most Expensive Game

The 2019 edition of the Super Bowl will be the most expensive game ever, with both teams making $100 million guarantees. It will be the first time in the history of the NFL that the champion will earn this large of a sum.

The New York Jets and the Los Angeles Chargers will battle it out in a rematch of last year’s AFC Championship game, with the first-ever $100 million guarantee game seeing its share raised to $150 million. Naturally, the game will be shown on NBC, and will kick off at 6:30 p.m. Pacific time on February 4th.

Most Watched Sporting Event

The 2018-2019 NFL season will be the most-watched in recent memory, and with good reason. Coming off a down season, the league saw a 14% increase in average weekly viewership, according to Nielsen data. And from September to December, the NFL was the most-streamed sport during the season, racking up a 120.7 million average monthly stream, compared to the next closest competitor, the Premier League, with an average 29.7 million. Furthermore, the Super Bowl is traditionally one of the most-watched events of the season. And let’s not forget about March Madness either, given the large number of games that are typically played during that month.

This year is no different, with many expecting the Super Bowl to pull in a record number of viewers. According to a recent press release, the San Francisco 49ers and the Kansas City Chiefs will duke it out for the Vince Lombardi Trophy in what should be a fascinating matchup, setting a record for the most-watched Super Bowl in history. The game will be played on February 4th, and will start at 6:30 p.m. Pacific time.

Will The Super Bowl Be Tilted Toward The Underdogs?

It’s no secret that most sporting events have become tilted toward the underdogs. Whether it’s the NBA Finals or the Super Bowl, most teams don’t have a good track record of success in the big game. Historically, many of these games have been close, even though the favorite has won. Last year’s Super Bowl was no exception, as the New England Patriots fell short of making history by losing to the Philadelphia Eagles by a score of 28-23.

With that being said, it’s hard to predict whether or not this year’s Super Bowl will have the same trend. The Kansas City Chiefs are currently the favorites to win the Super Bowl, having been installed as 7-2 favorites in one of the most popular sportsbooks. The 49ers are 13-6 and coming off a victory in arguably the most entertaining game of the year, defeating the Atlanta Falcons in the NFC Championship game, 16-15. This will be the 5th time in the last 6 years that the 49ers have made it to the Super Bowl, but they’ve never won the big game. Despite their lack of glory, however, the 49ers are 5-1 ATS in the last 6 tries, so it would be unwise to write them off just yet.

What Is The Point Spread?

If you’ve been following the news around the NFL this offseason, you’re probably familiar with the point spread. For those who aren’t, the point spread is the betting line that is posted by sportsbooks to indicate the likelihood that a team will win a game. Bets can be made on the point spread, and in some cases, the game’s over/under total as well. In football, the point spread determines the advantage that one team has over another.

The spread can be affected by many variables, including the quality of the teams, injury concerns, weather, and more. If betting on the spread, one must realize that no matter what happens in the game, the bettor will lose, as the point spread is applied to the total. This is why it’s a risky venture, especially considering the immense profits that can be made if one’s team covers the spread. For the same reason, the bettor must always try to avoid betting on the underdogs, as they have a much harder time covering the spread if they win.

For the sake of argument, let’s say that the 49ers win the Super Bowl. What will their average winning margin be? Using the above-mentioned figure of $1362.8 million as a gauge, a victory by this year’s defending champs would result in a $1362.8 million payday. Not bad for a game that many believe won’t see many upsets.

However, this figure doesn’t include what the Kansas City Chiefs will end up receiving. In the event that they win the Super Bowl, Kansas City will be entitled to a $300 million share of the proceeds. This figure breaks down as follows:

  • $150 million from the $100 million guarantee from the San Francisco 49ers
  • $150 million from the $100 million guarantee from the Kansas City Chiefs
  • $50 million from the $100 million guarantee from the Los Angeles Chargers
  • $50 million from the $100 million guarantee from the New York Jets

Therefore, a win for Kansas City would result in a grand total of $842.8 million being split between the Chiefs and the rest of the NFC squad. This still pales in comparison to the $1362.8 million that they would receive if they were to win the Super Bowl, but at least it’s something. For the rest of the season, however, the Chiefs will continue to receive massive payouts, resulting in an average annual salary of $14.68 million.

Of course, this figure is highly dependent on the Chiefs covering the spread, which they typically don’t do, thus resulting in smaller payouts for the rest of the season. But at least the betting public is aware that if they pull off a victory, they will be profiting immensely from it, whereas a loss on the other hand, will not result in any financial gains. Still, this is something to consider if you’re planning on placing any wagers on this year’s Super Bowl.

How Was The Money Spent In The Betting Markets?

You may be familiar with the phrase “this year’s Super Bowl”, which we’ve used to describe this year’s big game due to the fact that it will be the most expensive and most-watched Super Bowl in history. The truth is that not much money was actually spent in the betting markets. In fact, the total winnings for wagers on the Super Bowl went down, in 2018 vs. 2017. In 2018, the total take was $10.6 billion, while last year’s Super Bowl saw winnings of $10.5 billion. It’s quite the opposite of the trend that we’ve seen in recent years, where the total winnings have increased year after year.