Super Bowl’s $1.4 Billion In Bets Arrive to Lift Gambling Stocks

S&P gaming index drops 39% since 2021 peak as growth slows
Shares of DraftKings, MGM, Caesars are all way down from highs

A display of prayer candles, tarot cards and other items for both the Philadelphia Eagles and the Kansas City Chiefs inside of the Ernest N. Morial Convention Center prior to Super Bowl LIX. — A display of prayer candles, tarot cards and other items for both the Philadelphia Eagles and the Kansas City Chiefs inside of the Ernest N. Morial Convention Center prior to Super Bowl LIX.
Photographer: Don Juan Moore/Getty Images

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By Peyton Forte

February 8, 2025 at 2:00 PM UTC

This article is for subscribers only.

Super Bowl Sunday is a uniquely American annual experience, filled with over-the-top pageantry, prime time entertainment, mega-celebrities, and lots and lots of gambling.

Experts estimate that $1.4 billion will be wagered on the National Football League’s championship game between the Kansas City Chiefs and Philadelphia Eagles. And that’s just through legal sports books, countless more will be on the line in private transactions. Combine this with the spectacle’s global reach, and it’s safe to say that millions of viewers around the world will be glued to their phones Sunday night, monitoring their bets on various gambling apps.