Nevada sportsbooks won record $22.1M on SB

NFL

The Philadelphia Eagles‘ Super Bowl upset produced a record boon for Nevada sportsbooks.

The state’s sportsbooks won a net $22.1 million on Super Bowl LIX, the most ever according to the Nevada Gaming Control Board. The $22.1 million win tops the $19.7 million the sportsbooks won on Super Bowl XLVIII, when the Seattle Seahawks upset Peyton Manning and the Denver Broncos.

The record haul for Nevada sportsbooks comes despite a significant drop in the amount wagered. Approximately $151.6 million was bet on this year’s Super Bowl with Nevada sportsbooks, a 20.1% decrease from last year’s game, which took place in Las Vegas and set a record for amount wagered at $190.0 million.

The $151.6 million is the lowest amount wagered on the NFL championship since 2021, when $136.1 million was bet on Super Bowl LV between the Tampa Bay Buccaneers and Kansas City Chiefs.

“As we had anticipated this year’s total did not surpass last year’s all-time record,” Michael Lawton, senior economic analyst for the Nevada Gaming Control Board, told ESPN. “Obviously not having the game at Allegiant [Stadium] was a contributing factor in addition to not having a team from neighboring California play in the game like last year.”

The Eagles, who closed as 1.5-point underdogs, beat the Chiefs 40-22 on Sunday. Betting on the game’s outcome was relatively balanced between the Eagles and Chiefs, but sportsbooks cleaned up on player props, most notably Philadelphia running back Saquon Barkley not scoring a touchdown.

“Barkley was the most popular [same game parlay] leg and did not see the end zone,” Joey Feazel, who oversees football odds for Caesars Sportsbook, said.

Other states were still gathering Super Bowl betting numbers, but all signs point to a tough game for the betting public. New Jersey sportsbooks took $168.7 million in Super Bowl bets, a 19% year-over-year increase in the amount wagered from last year’s game. Garden State sportsbooks won a net $25.2 million on the game, according to figures released Tuesday by the Division of Gaming Enforcement.

“Super Bowl LIX was the single biggest betting event in the history of BetMGM,” Christian Cipollini, senior trading manager for BetMGM, said in a company release. “It was one of the best single games results in company history.”

The big Super Bowl win caps what was an up-and-down NFL season for sportsbooks. Nevada lost a net $2.1 million on football in December, the first month during the NFL’s regular season that the books suffered a net loss on football since November 2012.

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