Nevada sportsbook breaks state record for handling Super Bowl bets | Betting

The historic first Super Bowl in Las Vegas produced a historic number of bets, or amount wagered, on the game.

Nevada sportsbooks took in $185.6 million in wagers to break the state record for handling Super Bowl bets, surpassing the previous mark of $179.8 million set in 2022, according to data released Monday night by the Gaming Control Board.

“I think it all makes sense,” said Westgate SuperBook vice president Jay Kornegay. “First Super Bowl hosted in Las Vegas expected to break record.”

The Kansas City Chiefs bounced back Sunday at Allegiant Stadium with an upset 25-22 win over the San Francisco 49ers in overtime, winning their second straight Super Bowl title and third in five years.

“Betting on the Super Bowl hit an all-time record and certainly met our expectations,” said Michael Lawton, senior economic analyst at NGCB. “Determining factors for this year’s totals included playing a West Coast team from the No. 2 feeder market in Las Vegas, the defending champions and, of course, the game played in Las Vegas at Allegiant Stadium. “

Nevada’s 182 sportsbooks won $6.8 million on the game for a win, or hold, percentage of 3.7%. It was the fourth-lowest winning percentage recorded in the last 10 years, as the betting public was all about the Chiefs and they won millions in overtime, at odds of 9-1, for only the second time in Super Bowl history .

The value surpassed last year’s level ($153.2 million) by $32.4 million, an increase of 21.2%.

“The way the first bets were coming in and we were already seeing six-figure bets two weeks out, I really felt like it was going to break the record,” Red Rock Resort sports betting director Chuck Esposito said. “There was just a different feel with the game here, compared to the audience and atmosphere in each of our books.

“It goes hand in hand with what we see with the Knights, Raiders and Aces games, NASCAR and Formula One, and prizefights and the UFC. When I’m here, the control over any of these events is always the best.

Five of the eight $1 million bets reported on the game nationwide were placed in Las Vegas: three at BetMGM ($1.1 million on Chiefs +2, $1.1 million on 49ers -2, $1 million of dollars on the 49ers money line -130) and two on Circa Sports. ($1.1 million on 49ers -1½, $1 million on Chiefs +2).

“The Nevada Gaming Control Board congratulates and thanks all stakeholders involved for successfully hosting such a spectacular event in the state of Nevada,” NGCB President Kirk Hendrick said in a statement.

Contact reporter Todd Dewey at [email protected]. Follow @tdewey33 on X.

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