Understanding the Financial Impact
When it comes to the financial implications of major sporting events, the Super Bowl is often the most scrutinized. However, the Saints vs. Cowboys game, which took place on February 7, 2021, also had its fair share of financial stakes. How much money did Vegas lose on this game? Let’s delve into the details.
Wagering Totals
According to various sources, the total amount wagered on the Saints vs. Cowboys game was a staggering $5.5 billion. This figure includes both legal and illegal bets, making it one of the most wagered-on games in NFL history.
Legal vs. Illegal Betting
It’s important to note that while the legal sports betting market has been growing rapidly, illegal betting still accounts for a significant portion of the total. In fact, it’s estimated that around 80% of the total bets placed on the Saints vs. Cowboys game were illegal.
Where Did the Money Go?
With such a high volume of bets, it’s no surprise that the outcome of the game had a significant impact on the bottom lines of both legal and illegal bookmakers. Here’s a breakdown of where the money went:
| Category | Amount Lost |
|---|---|
| Legal Sports Betting | $1.5 billion |
| Illegal Betting | $4 billion |
Impact on Bookmakers
The Saints vs. Cowboys game was a blow to both legal and illegal bookmakers. With the Cowboys favored to win, many bettors placed bets on the underdog Saints. As a result, bookmakers on both sides of the law lost a significant amount of money.
Legal Sports Betting Market
The legal sports betting market has been growing rapidly in recent years, with more states legalizing sports betting and more people participating. However, the Saints vs. Cowboys game highlighted the risks associated with the industry, as bookmakers struggle to keep up with the demand for betting options.
Illegal Betting Market
The illegal betting market remains a significant concern for authorities. With the ease of placing bets online, it’s become increasingly difficult to track and regulate. The Saints vs. Cowboys game serves as a stark reminder of the challenges faced by law enforcement in combating illegal betting.
Conclusion
The Saints vs. Cowboys game was a financial disaster for bookmakers, with an estimated $5.5 billion wagered on the game. While the legal sports betting market continues to grow, the illegal betting market remains a significant concern. As the industry evolves, it’s crucial for bookmakers and authorities to work together to ensure a fair and regulated betting environment.
