The Super Bowl is one of the biggest gambling events of the year, with nearly $7 billion expected to be wagered when the Kansas City Chiefs take on the San Francisco 49ers. While the majority of bets are small dollar amounts, several six and seven-figure wagers have been placed in recent days.
According to data compiled by ESPN, a $1 million bet was placed on the 49ers moneyline on Jan. 29 at +120 odds at the MGM Mirage in Las Vegas. If the 49ers were to win the game outright, the person who placed the wager would win $1.2 million on top of their initial $1 million bet, walking away with $2.2 million.
Four of the top 10 largest bets have been placed on the 49ers, including the aforementioned $1 million bet and a $684,000 wager placed in New Jersey on Draftkings Sportsbook on Jan. 21, at -114 odds.
Signage is displayed near the FOX Sports South Beach studio compound prior to Super Bowl LIV on January 25, 2020 in Miami Beach, Florida. The San Francisco 49ers will face the Kansas City Chiefs in the 54th playing of the Super Bowl, Sunday February 2nd. (Photo by Cliff Hawkins/Getty Images)
The Chiefs accounted for the next two largest bets, a $550,000 wager at the Bellagio (-110 odds) on Jan. 28 expecting the Chiefs to win by at least one point and a $200,000 bet at MGM placed on Jan. 25, also expecting the Chiefs to win by at least one point.
A record 26 million Americans are expected to bet $6.8 billion on Super Bowl LIV, as more states legalize online gambling and the public becomes comfortable with it, according to newly released data from the American Gaming Association.