Vegas Super Bowl Betting Breaks Record • This Week in Gambling

Nevada’s 182 sportsbooks raked in a $6.8 million victory during the game, securing a 3.7 percent hold, which stands as the fourth-lowest win percentage in the past decade. According to the Las Vegas Review-Journal, the Chiefs garnered heavy support from the betting public, resulting in a substantial win.

Additionally, the public capitalized on the overtime prop with 9-1 odds, a feat seen only once before in Super Bowl betting history. “The wagering on the Super Bowl delivered an all-time record and definitely met our expectations,” said a representative from the Gaming Control Board.

This year’s Super Bowl betting handle exceeded the previous record by $32.4 million, marking a notable 21.2 percent increase over last year’s figure of $153.2 million. Despite the widespread legalization of sports gambling across the country, Nevada sportsbooks continue to thrive financially, with bettors losing $6.8 million on the game.

It is noteworthy that there were five bets of $1 million or more, including two winning wagers on the Chiefs and three losing bets on the 49ers. The way that the early wagers were coming in, and we were already seeing six-figure wagers two weeks out, I really felt it was going to break the record” said the director of Red Rock Resort sportsbook. And they did.