Nevada reports record-breaking $180m in wagers on Super Bowl

Nevada took nearly $180m in wagers on this year’s Super Bowl, up 32% from 2021’s handle to reach record levels, according to unaudited figures from the Nevada Gaming Control Board (NGCB).

BowlNevada

The Silver State has released its Big Game betting results, reporting $179.8m in wagers across Nevada’s 179 sportsbooks on last Sunday’s match.

The Los Angeles Rams lifted the prestigious Vince Lombardi Trophy on 13 February when they beat the Cincinnati Bengals at SoFi Stadium in Inglewood, California — the Rams’ home arena.

Sportsbook win amounted to $15.4m, up in nominal terms from last year’s sum but down as a percentage, from 9.2% to 8.6%, and while Nevada’s handle far surpassed 2018’s previous record of $158.5m, it wasn’t enough to beat 2014’s record win total of $19.6m.

Nevertheless, 2022’s win total is the third highest on record since the NGCB started tracking such wagers in 1990, only surpassed by 2014 and 2020’s totals.

NGCB Chairman Brin Gibson echoed these figures, saying: “Unaudited figures show a sportsbook win of $15,413,228 was recorded on wagers totaling $179,823,715. This resulted in a hold percentage of 8.6%.”

Moreover, the NGCB’s unaudited figures largely support pundits’ pre-game estimates that this year’s Super Bowl would be big for betting.

While not all states where wagering is legal have released results, Nevada’s may be an indication of what to expect. Prior to Sunday’s match, the American Gaming Association (AGA) reported that bettors would wager an estimated $7.1bn on Super Bowl LVI.

At the time, AGA President Bill Miller said: “The results are clear: Americans have never been more interested in legal sports wagering.”

 

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