BankrollMob Betting News
feb
8

Bets on Nevada Super Bowl LII Reach Record $158.6 Million
Tags: Nevada, NFL, Super Bowl.
Posted on 08 February 2018 by "T".

According to the most recent unaudited numbers from the Nevada Gaming Control Board, the US State of Nevada continued its record streak Super Bowl wagers as the state's sports books witnessed almost $158.6 million worth of bets on the game.

Betting on the 2018 NFL American football league's Super Bowl LII championship game of the New England Patriots versus the Philadelphia Eagles significantly grew by approximately 14.5%, as compared to the past year's $138.5 million in overall bets.

ESPN reported that there's some notable massive wagers for this year's Super Bowl, such as a $3 million bet placed on the Eagles to win the game as well as four other bets worth $1 million or more.

Senior research analyst with the Nevada Gaming Control Board's Tax and License Division Michael Lawton said that it's actually the third consecutive year for Nevada sports books to achieve a new record for Super Bowl betting. He explained the growth is connected to a strong economy, higher adoption of betting apps, and an overall increased interest in sports wagering.

Lawton said, "The growth we're seeing coincides with the growth in personal device wagering. It will be interesting to see how the numbers go from here on out since ... almost every operator has a betting app now."

Even though the total bets beat last year's record numbers; however, Nevada sports books barely scraped through. After posting a total win of $10.9 million last year, the total profit this year for the sports books was just around $1.17 million - which translates to only 0.7% of all wagers.

Lawton said that at that time, Nevada sports books were bracing themselves for an impending loss, something that has only occurred in 1995 and 2008, "What happened this year is that the public really got on the Eagles and bet for them to cover or win outright and the Patriots money just never came in to match the amount. They squeaked out a win this year."

The sports books won over $10 million on 3 of the past 5 Super Bowls, winning a record $19.7 million (or 16.5%) in Seattle's 43-8 upset of Denver in 2014.

Super Bowl bet profits of Nevada sports books, from Nevada Gaming Control

Year

Super Bowl

Score 

Wagers

Win (%)

2013

XLVII

Ravens 34, 49ers 31

$98.9 million

$7.2 million (7.3)

2014

XLVIII

Seahawks 43, Broncos 8

$119.4 million

$19.7 million (16.5)

2015

XLIX

Patriots 28, Seahawks 24

$115.9 million

$3.3 million (2.8)

2016

50

Broncos 24, Panthers 10

$132.5 million

$13.3 million (10.1)

2017

LI

Patriots 34, Falcons 28 (OT)

$138.5 million

$10.9 million (7.9)

2018

LII

Eagles 41 Patriots 33

$158.6 million

$1.7 million (0.7)

 

Source:
http://www.igamingbusiness.com/news/nevada-sportsbooks-process-record-1586m-bets-super-bowl-lii

« Betting News   /   Comment on this news »

Related Articles:

12 comments on "Bets on Nevada Super Bowl LII Reach Record $158.6 Million"


 Mober08/02/2018 11:02:09 GMT
That total amount in money is crazy.
Of course the single bets of 3 millions or the others for 1 million is,
dont fall behind.
How many times have i wondered, me any many many others, how is it to bet that much.
Being rich makes you losing the sense of numbers Smile
 CALICUL08/02/2018 13:27:53 GMT
when you have money you can bet such amounts but not always. Four bets with 1 million dollars or more and one bet with 3 million dollars in a year. This proves that the Americans do not bet big amounts although they have very many billionaires or with many hundreds of millions dollars.
0.7% of all wagers is a small profit for they. Betting Professionals Give Profit Over The Head. Cool
 Sandmanilo08/02/2018 15:09:29 GMT
Yes these numbers are huge, and remember that those are from offline bets in US one state only! I imagine how much money was staked on this event online and offline overall. They must be just crazy. I think it's good for our industry in general.
 bowie198409/02/2018 00:42:55 GMT
Always funny to me how they talk about 'the profit' as if that was not already part of the business model. But it is - it's called 'the vig'. You bet on either side, the bookies will live on the vig anway. No crocodile tears will be coming from me for their missing profit ever.
 pajalnick09/02/2018 07:31:05 GMT
Posted by bowie1984:
Always funny to me how they talk about 'the profit' as if that was not already part of the business model. But it is - it's called 'the vig'. You bet on either side, the bookies will live on the vig anway. No crocodile tears will be coming from me for their missing profit ever.

of course bookmakers will not do something that does not bring profit ....... and the word profit seems to me possible and not very correct but still correctly displays the process .... so it's just a game with words and do not have to change anything .. ... bookies are also people ... probably Big Smile
 doubletop77709/02/2018 08:48:06 GMT
When you consider that they are only talking about one state, the amount of money being wagered is astronomical. The worldwide figure must be off the scale and i added £5 to the amount!!
 dule-vu09/02/2018 10:01:26 GMT
when you know how much money american spend on super bowl,on food,drinks,how much do they pay for commercials,this thing about betting isnt strange to me!when 30 sec commercial cost 5 million $,how then they would bet on this game in big amounts!
 godoy09/02/2018 13:27:15 GMT
one of the coolest sports and with volume of bets of strip the chapel the superboll has been for years showing that it is a sport in growth and with more advantage for bettors now that it is possible of Brazil to bet and showww
 Mober10/02/2018 10:29:03 GMT
Betting keeps spreading i think all over the world.
No matter what happens with the economy, there will always be people
trying their luck for fast money.
It can be seen here, with all the betting shops.
Now you can even see coffee shops with betting Smile
 dule-vu10/02/2018 11:53:42 GMT
when you know that only in few states (dont know exact number) you can bet legally in america,then this number didnt suprise!lot of people maybe have bookmaker who will bet for them in nevada or they were just on holidas there and that they can bet on game!
 godoy11/02/2018 16:02:21 GMT
One day I'm going to be in an event like this and with certainty I'll bet I'll try to make a profit because this game is very good and I love football and I'm always going to tend to bet on games like that so I can have more adrenaline and win some money
 pajalnick12/02/2018 08:58:17 GMT
as it seems to me at this match is not very large winnings at the rates .... commands of about the same strength and the win depends on many factors .... as it seems to me the rates should be about 1 to 2 .... of course it's nice to double your money but it is much more pleasant to win for example 1 to 5

Write a comment:

You must be logged in, to comment on news...

Disclosure: BankrollMob may earn a commission based on the advertisement material on this site. #AD
© 2024 BankrollMob.com - All Rights Reserved CONTACT | ABOUT | PRIVACY & COOKIE POLICY | TERMS & CONDITIONS | NEWSLETTER | AFFILIATES | REPORT SPAM | ADVERTISING
  Please Play Responsibly