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Sportsbook

Super Bowl: Nevada sportsbooks win a record $22,1 million on even though betting was down

Wednesday 12 de February 2025 / 12:00

2 minutos de lectura

(Nevada).- Nevada sportsbooks set a single-year record for revenue won on the Super Bowl, despite seeing the lowest figure wagered on the NFL championship game since the pandemic.

Super Bowl: Nevada sportsbooks win a record $22,1 million on even though betting was down

The strong showing for casinos came as the Kansas City Chiefs, favored by bettors over the Philadelphia Eagles, lost 40-22 in a game with a higher score than expected.

More than $151.6 million was bet in Nevada on Super Bowl LIX, the Gaming Control Board said Tuesday. But the revenue total of $22.1 million — the amount won by the sportsbooks on losing bets from customers — was the highest figure in the 59 years the state has taken legal wagers on the game.

The previous revenue record in Nevada was $19.6 million, which was set in 2014 when the Seattle Seahawks defeated the Denver Broncos, 43-9. That year, $119.4 million was wagered on the game. 

A year ago, when the game was played at Las Vegas’ Allegiant Stadium, sportsbooks collected $11.2 million on a record $190 million  in wagers.

“As we had anticipated, this year’s total did not surpass last year’s record,” control board senior economic analyst Michael Lawton said in a statement. “Not having the game at Allegiant was a contributing factor in addition to not having a team from neighboring California [San Francisco 49ers] play in the game.”

The point spread from most sportsbooks closed with the Chiefs as a 1.5-point favorite and the game’s total points set at 48.5.

“More customers backed the Chiefs in this game and in the futures pool than the Eagles,” said Joey Feazel, who oversees football wagering for Caesars Sportsbook. He said many Caesars customers had losing bets on the Eagles’ star running back Saquon Barkley scoring a touchdown.

“[While] there were a variety of touchdown scorers, which would usually be favorable to the customers, [Barkley] did not see the end zone,” Feazel said, which was “the most popular single-game parlay wager.”

Caesars Vice President of Trading Craig Mucklow said the company’s sportsbooks nationwide saw a substantial increase in halftime wagering when Philadelphia was winning 24-0. He said customers were betting heavily on a Chiefs’ comeback victory. 

“A significant amount of wagers flooded in on Kansas City at longer odds on the money line and all spreads we posted,” Mucklow said in a statement. “This rare opportunity to bet on [Chiefs quarterback] Patrick Mahomes at such generous spreads and odds proved to drive significant growth.”

In a statement, BetMGM senior trading manager Christian Cipollini said the game “had a lower percentage of proposition bets and parlays hitting for bettors in comparison to last year.”

Caesars, which operates eight resorts on the Strip, also benefited from the game being held in New Orleans, where the company spent $435 million to renovate its Caesars New Orleans resort near the French Quarter. Through a multiyear naming rights deal, the company placed the Caesars name on the New Orleans Superdome.

Caesars spokesman Brad Harwood said the company’s New Orleans casino recorded its highest-ever total number of in-person bets placed for a single event.

Categoría:Sportsbook

Tags: Sin tags

País: United States

Región: North America

Event

GAT EXPO CARTAGENA 2025

28 de April 2025

Colombian Olympic Committee, GAT Expo, and Colombian Official Esports Announce Historic Partnership to Promote Esports as an Olympic Discipline in Colombia

(Cartagena) - The Colombian Olympic Committee (COC) and GAT Esports have sealed a strategic partnership to promote esports as part of the country's professional sports ecosystem. The announcement was made at a formal ceremony held at the gaming industry products and services exhibition hall, attended by Marco Emilio Hincapié, President of Coljuegos, COC executives, José Aníbal Aguirre, CEO of GAT Esports, media, and special guests.

Wednesday 30 Apr 2025 / 12:00

GAT Expo 2025: Novelties, technology, innovation, and high-level networking in the magical city of Cartagena

(Cartagena, SoloAzar Exclusive).- Today concludes GAT Expo Cartagena 2025, which has taken place this week with the presence of 23 countries and more than 70 international brands in the historic city of Cartagena de Indias, with its cobblestone streets, flower-filled balconies, and centuries-old walls.

Wednesday 30 Apr 2025 / 12:00

Successful Start to GAT Expo Cartagena 2025, Which Continues with Two Days of Gaming Sector Exhibitions

(Cartagena, SoloAzar Exclusive).- Perfect attendance and strong performance were the highlights yesterday at the GAT Academy conference series at the start of GAT EXPO Cartagena, which continues today and tomorrow with the exhibition of products and services from important companies in the gaming sector, both traditional and online.

Tuesday 29 Apr 2025 / 12:00

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