Nevada Sportsbooks Take $153.2M In Super Bowl Bets

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

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

Nevada Gaming Control Board Chairman Kirk Hendrick said in a statement: “Unaudited figures show a sportsbook win of $11,287,594 was recorded on wagers totaling $153,183,002. This resulted in a hold percentage of 7.4%.”

“The Nevada Gaming Control Board looks forward to Allegiant Stadium hosting Super Bowl LVIII in Las 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 bets on the 2019 Super Bowl between the New England Patriots and Los Angeles Rams.

The $153,183,002 in handle this year was lower than last year’s record of $179,823,715. The Nevada sportsbooks won $15,413,228 on the 2022 Super Bowl between the Cincinnati Bengals and Rams.

Sports betting is still a growing offering in Nevada. According to figures released by the Nevada Gaming Control Board, the Silver State’s sportsbooks won $446,698,000 from sports gamblers in 2022. About $8.7 billion was bet on sports during the calendar year.

According to the AGA, the casino industry’s top 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 wagers were expected to pass casual wagers for the first time.

“Every year, the Super Bowl serves to highlight the benefits of legal sports betting: bettors are transitioning to the protections of the regulated market, leagues and sports media are seeing increased engagement, and legal operators are driving needed tax revenue to states across the country,” said AGA President and CEO Bill Miller.