Nevada Sees Record Amount Bet On Super BowlGamblers Place $138.5M In Wagers On Super Bowl 51 |
|
The Nevada Gaming Control Board released figures late Monday showing that $138.5 million was wagered in the state’s 196 sports books on this past weekend’s Super Bowl.
The amount was a record for Nevada.
“Unaudited figures show a sports book win of $10,937,826 was recorded on wagers totaling $138,480,136,” Control Board Chairman A.G. Burnett said. The hold percentage was 7.9 percent.
While the amount bet was a record, the win for the sports books wasn’t an all-time high. The record amount won was the $19.6 million in 2014.
The New England Patriots were three-point favorites against the Atlanta Falcons and ended up winning 34-28. The over-under for the game was 59 points.
The result could have been much different for Nevada’s sports betting industry had the Patriots not come from behind to capture another Vince Lombardi trophy.
“The game was on the verge of a worst-case scenario of a 31-28 final due to the even nature of the bets,” says a Forbes report. “The result would have produced a push on both the final line (Pats by three points) and over-under (59). Instead the Patriots scored a TD in overtime and produced another win for Vegas with the money siding slightly more on the under and Falcons.”
Nevada casinos have only lost on the big game once in the past 10 years (2008), and just twice in nearly three decades. Below is a look at the last 10 Super Bowl results.
The American Gaming Association, the casino industry’s top lobbying group on Capitol Hill, said that a total of $4.7 billion was bet nationwide on the big game, nearly all of it through unregulated channels. The AGA wants sports betting legalized on the federal level.
“As we mark the 25th anniversary of a failed law, it’s time for Washington to get out of the way and lift the federal prohibition that pushes sports fans to a rapidly growing illegal betting market,” said Geoff Freeman, president and CEO of the AGA.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
