Nevada Super Bowl record broken

By David Cook
Nevada’s sports books generated a record total of $132.5m in wagers on this year’s Super Bowl, figures released by the Nevada Gaming Control Board (NGCB) showed.

The figure for Super Bowl 50, which saw the Denver Broncos defeat the Carolina Panthers 24-10, was up from last year’s sum of $115.98m.

The NGCB has showed the total wagered for the last 10 Super Bowls, and the overall wagers tally increased in six of the last seven years, with 2015 being the exception, where the amount wagered fell from $119.4m.

A report published by the American Gaming Association (AGA) showed that the regulator expected Americans to bet $4.2bn on this year’s Super Bowl, though 97% of those wagers it predicted would be placed illegally.

The AGA also said that the illegal market is 35 times greater than the legal market.

Sports book win for Super Bowl 50 was $13.3m and gave the state’s 194 sports books an overall hold percentage of 10%.

Nevada is the only US state where single-game sports betting is legal, while limited forms of sports betting are legal in Montana, Delaware and Oregon.

New Jersey has attempted to legalise sports betting on more than one occasion and was blocked from allowing racetracks and casinos from offering sports-betting services in 2014 and the Third Circuit Court of Appeals will hear an appeal by the state for the second time, this time with the case being heard “en banc” on February 17.
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