NV Sportsbooks Handle Record Sum On Super BowlNearly $180 Million In Bets Were Taken In Silver State |
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The Nevada Gaming Control Board on Monday released figures showing that $179.8 million was wagered in Nevada’s 179 sportsbooks on this year’s Super Bowl.
The state’s gaming regulator releases figures annually on the pinnacle of the sports betting calendar. The handle this year was an all-time high for the industry. Nevada used to have a monopoly on single-game sports betting until a 2018 U.S. Supreme Court ruling paved the way for other states to legalize it as well.
Nevada Gaming Control Board Chairman Brin Gibson said in a statement: “Unaudited figures show a sports book win of $15,413,228 was recorded on wagers totaling $179,823,715. this resulted in a hold percentage of 8.6%.”
The previous record for Nevada Super Bowl wagers was $158,586,934 in 2018.
Below is a look at the last 10 Super Bowls in terms of their handle and revenue, along with the hold percentage, also known as the winning percentage.
2022: $179,823,715 — $15,413,228 (8.6%)
2021: $136,096,460 — $12,574,125 (9.2%)
2020: $154,679,241 — $18,774,148 12.1%)
2019: $145,939,025 — $10,780,319 (7.4%)
2018: $158,586,934 — $1,170,432 (0.7%)
2017: $138,480,136 — $10,937,826 (7.9%)
2016: $132,545,587 — $13,314,539 (10.1%)
2015: $115,986,086 — $3,261,066 (2.8%)
2014: $119,400,822 — $19,673,960 (16.5%)
2013: $98,936,798 — $7,206,460 (7.3%)
The Nevada handle was a small fraction of what the industry projected was bet nationwide, at both state-sanctioned sportsbooks and books that are not, as well as friendly bets.
Earlier this month the American Gaming Association found that a record 31.4 million American adults planned to bet on Super Bowl LVI, a 35 percent increase from 2021.
Bettors were expected to wager an estimated $7.61 billion on this year’s championship game. That figure also factored in survey findings on casual wagering between friends.
It’s been estimated that around $1 billion was bet through state-sanctioned sportsbooks. More than 30 states in the country have some form of legal sports betting.
Nevada allows sports betting over the internet, but accounts must be registered in-person at a casino, which the industry has cited as curbing handle growth.
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