The American Gaming Association (AGA) predicted last year that 31.4 million Americans would wager $7.61 billion on the Super Bowl across all sports betting sites, including offshore sportsbooks. When the AGA releases their report next week, those estimates are expected to set new records. With more states legalizing sports betting this year, the Super Bowl in 2023 could easily see between $800 million and $1 billion wagered legally.

After three retail sportsbooks began taking wagers last Tuesday, Massachusetts became the newest state to allow legal sports betting. A little after 10 a.m. local time on Tuesday, the BetMGM sportsbook at MGM Springfield in the western part of the state and the WynnBet sportsbook at Encore Boston Harbor outside of Boston both opened for wagering. Tuesday just after 1 pm saw the opening of the temporary sportsbook operated by Penn Entertainment at Plainridge Park Casino. As of today, Massachusetts is the 34th state to provide at least one legitimate brick-and-mortar or online sportsbook. In March, it will become the 18th state to have at least five mobile books.

For the first time in the history of the company, Penn stated that its online casino gaming and sports betting division generated a profit in the fourth quarter of 2022. Penn joins FanDuel parent firm Flutter Entertainment as the only significant US sports betting company to claim a profitable quarter for its online gaming sections. However, more could follow as other businesses report earnings in the upcoming weeks. For the fourth quarter of 2022, Penn Interactive reported adjusted EBITDA revenues of $5.2 million. In comparison to Q4 2021’s $157.6 million, the company’s interactive business recorded $208 million in revenues for Q4 2022. These numbers also reflect the 31 controlled retail sportsbooks run by the business.