Nevada Oddsmakers 30-2 in Tremendous Bowls After Profitable $11.2M

Posted on: February 14, 2023, 08:27h. 

Final up to date on: February 14, 2023, 08:43h.

Nevada oddsmakers gained Sunday’s Tremendous Bowl LVII in opposition to their bettors, as sportsbooks saved $11.28 million of the $153.18 million wagered. It marks the fifteenth consecutive Tremendous Bowl through which the home got here out on high of the large sport.

Nevada oddsmakers Super Bowl Las Vegas
Kansas Metropolis Chiefs coach Andy Reid takes a Gatorade bathe after main his workforce to Win Tremendous Bowl LVII over the Philadelphia Eagles on Feb. 12, 2023. The large sport consequence was additionally a Win for Nevada oddsmakers. (Picture: NFL)

The Nevada Gaming Management Board (NGCB) mentioned the Kansas Metropolis Chiefs’ 38-35 upset of the Philadelphia Eagles was in the home’s favor. The Chiefs simply coated the unfold, as Kansas Metropolis was a 1.5-point underdog. The sport’s complete rating of 73 factors surged above the sport’s 51.5-point over/below.

Nevada oddsmakers saved 7.4% of the bets for a internet Win of $11,287,594. Deal with dropped virtually 15% from a yr in the past when the Los Angeles Rams and Cincinnati Bengals generated a deal with of $179.8 million.

The $11.28 million revenue wasn’t precisely sturdy for Nevada oddsmakers. Sunday’s Tremendous Bowl ranked sixth among the many earlier 10 Tremendous Bowls when it comes to sportsbook maintain.

The one two occasions that Nevada oddsmakers have misplaced cash on the Tremendous Bowl since 1991 — the primary yr the NGCB started monitoring oddsmakers’ efficiency for the Tremendous Bowl — got here in 1995 and 2008.

Sportsbooks Deal with Betting Frenzy

Authorized sports activities betting within the US continues to be comparatively new exterior of Nevada. States solely gained the authorized freedom to find out their very own legal guidelines on such playing after the US Supreme Courtroom in Might 2018 repealed a federal legislation that had restricted single-game betting to Nevada.

Sportsbooks managed to facilitate the elevated demand on their on-line platforms in the course of the large sport, as no main points had been reported. GeoComply, an organization that assists on-line sportsbooks in pinpointing a bettor’s bodily location to guarantee regulatory compliance, facilitated greater than 100 million geolocation checks in the course of the Tremendous Bowl weekend.

FanDuel mentioned it accepted 50K bets per second at its peak. The sportsbook mentioned it dealt with greater than 17 million Tremendous Bowl bets throughout the states the place it operates.

BetMGM officers mentioned they skilled their finest Tremendous Bowl ever in Nevada. The MGM Resorts sportsbook by no means took extra bets on a sport than it did on Sunday.

This was BetMGM’s most profitable Tremendous Bowl and most guess on single sport sporting occasion ever,” an organization assertion defined.

BetMGM’s record-setting efficiency got here regardless of the sportsbook paying out some notable bets, together with a $500K wager on the Chiefs that paid out $525K and a $547K guess on the over that netted $437K.

The American Gaming Affiliation estimates that fifty.4 million US residents made some type of guess on Tremendous Bowl LVII. The DC-based gaming commerce group believes round $16 billion was risked by way of authorized and unlawful channels.

Las Vegas 2024

With the 2022-23 NFL season formally over, the league begins its offseason the place groups will shuffle their rosters and prep their NFL Draft schemes in hopes of taking part in in Las Vegas this subsequent time subsequent yr. Allegiant Stadium, residence of the Las Vegas Raiders, is about to host Tremendous Bowl LVIII on Feb. 11, 2024.

The Nevada Gaming Management Board appears to be like ahead to Allegiant Stadium internet hosting Tremendous Bowl LVIII in Las Vegas subsequent yr,” mentioned Kirk Hendrick, chair of the NGCB.

As for the sport, the Chiefs are the early Tremendous Bowl LVIII front-runners at +600. The Bengals are subsequent at +850. The Buffalo Payments, San Francisco 49ers, and Eagles spherical out the highest 5 at +900.



Leave a Reply

Your email address will not be published. Required fields are marked *