PBTHF - Sports betting apps could be the Super Bowl MVP this year

Super Bowl LV is expected to be the most wagered on single event in U.S. history as legal online and retail sportsbooks across 21 U.S. jurisdictions take action.Sports betting is legal in at least some form in Arkansas, Colorado, Delaware, Illinois, Indiana, Iowa, Michigan, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Tennessee, Virginia, Washington D.C., and West Virginia.PlayUSA forecasts more than $500M in legal wagers will be made compared to about $300M last year. "The U.S. market has changed so much over the last year. Not only has it nearly doubled in size, but bettors now make a higher percentage of their bets online compared with a year ago. And sportsbooks will utilize the Super Bowl to aggressively promote themselves to new customers, especially in fledgling markets like Michigan and Virginia," notes PlayUSA analyst Eric Ramsey. The Kansas City Chiefs are 3-point

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Sports betting apps could be the Super Bowl MVP this year