Nevada sportsbook takes $153.2 million in Super Bowl wagers

The Nevada Gaming Control board released figures showing $153.2 million was wagered in 185 Nevada sports bets on this year’s Super Bowl.

The Kansas City Chiefs prevailed over the Philadelphia Eagles, 38-35, in Arizona. The Eagles were light favorites in the game.

Nevada Gaming Control Board Chairman Kirk Hendrick said in a statement, “Unaudited data shows a sports betting win of $11,287,594 was recorded on wagers totaling $153,183,002. This resulted in a waiting rate of 7.4%”.

“The Nevada Gaming Control Board is looking forward to Allegiant Stadium hosting the Super Bowl LVIII in Vegas next year,” he added.

The 7.4% industry hold on the Big Game was the lowest hold since the books also held 7.4% of the 2019 Super Bowl bet between the New England Patriots and the Los Angeles Rams.

The $153,183,002 on hand this year fell short of last year’s record of $179,823,715. Nevada sportsbook won $15,413,228 in the 2022 Super Bowl between the Cincinnati Bengals and Rams.

Sports betting is still a growing offering in Nevada. Silver State sportsbooks won $446,698,000 from sports gamblers in 2022, according to data released by the Nevada Gaming Control Board. Approximately $8.7 billion was wagered on sports during the calendar year.

According to AG extension, the casino industry’s largest trade group, bettors nationwide planned to wager an estimated $16 billion on the 2023 Super Bowl, more than double last year’s estimates. With the expansion of legal sports betting, traditional Super Bowl bets were expected to surpass casual bets for the first time.

“Each year, the Super Bowl serves to highlight the benefits of legal sports betting: bettors are transitioning to regulated market protections, sports leagues and media are seeing increased involvement, and legal operators are bringing much-needed tax revenue to the states of all over the country,” he said AG extension President and CEO Bill Miller.