Super Bowl 50 Betting Ends Up Shattering The Nevada State Record

Kevin Stott

Tuesday, February 9, 2016 1:52 PM GMT

The Nevada Gaming Control Board announced on Monday that a record $132.5 million was wagered in the state on Super Bowl 50. Here’s a quick look at what the books won.

Super Bowl 50 Handle Ends Up Shattering the Nevada State Record
On Monday Feb 8th, the Nevada State Gaming Control Board announced that a record $132.5 million was wagered in the Silver State on Super Bowl 50, shattering the old record of $119.4 million ($119,400,822) which was wagered two years ago on Super Bowl XVII between the Seattle Seahawks and the Denver Broncos. Sportsbooks in the state won $13.3 million on the game—which was won by the Denver Broncos, who defeated the Carolina Panthers, 24-10 at Levi’s Stadium in Palo Alto, California on Sunday—a 10.1% hold. The huge jump in the state’s hold percentage this year can be attributed to a combination of things including the advent of In-Game wagering and Mobile Apps and the popularity of Props Bets when making Super Bowl picks, the growth and popularity of Sports Betting in general and this was also the first year in where casinos in Nevada could offer up the Super Bowl MVP (Most Valuable Player) Props in the NFL odds boards of several sportsbooks.

Michael Lawton, Senior Research Analyst at the Nevada Gaming Control Board said on local ESPN radio on Monday afternoon that Props bets “...have grown 50%-60% of the total handle” which is all racked up and counted after the Super Bowl ends—meaning the losing bets of all 31 other 32 teams in the NFL go through the accounting process—and that Mobile and In-Game wagering also definitely helped get this number over the surprise $130 million mark. And he thinks it will keep growing substantially. “We’ll continue to see these numbers growing,“ Lawton said. And  Lawton made a great point that the lack of two-way Money Line play in last year’s Super Bowl—basically a Pick ‘em situation between Russell Wilson and the NFC champion Seattle Seahawks and Tom Brady and the AFC champion New England Patriots—vaporized millions of potential Money Line action and kept the state’s overall Super Bowl XLIX handle down. And the new, record-setting number actually surprised Lawton and others at the Nevada Gaming Control Board, located in Reno. “We were all pretty happy,” he said. “I don’t think people were guessing $130 million.”

The American Gaming Association said  last week that an estimated $4.2 billion would illegally be bet on Sunday’s game.

 

Nevada Sportsbook Super Bowl Bottom Line Results Last 11 Years
2016—$132.5 million
W/L: Sportsbooks won +$13.3 million (10.1%)
2015—$115,986,086
W/L: Sportsbooks won +$3,261,066 (2.8%)
2014—$119,400,822*
W/L: Sportsbooks won +$19,673,960 (16.5%)
2013—$98,936,798 
W/L: Sportsbooks won +$7,206,460 (7.3%)
2012—$93,899,840 
W/L: Sportsbooks won +$5,2064,470 (5.4%)
2011—$87,491,098 
W/L: Sportsbooks won +$724,176 (0.8%)
2010—$82,726,367 
W/L: Sportsbooks won +$6,857,101 (8.3%)
2009—$81,514,748 
W/L: Sportsbooks won +$6,678,044 (8.2%)
2008—$92,055,833 
W/L: Sportsbooks lost -$2,573,103 (-2.8%)
2007—$93,067,358 
W/L: Sportsbooks won +$12,930,175 (13.9%)
2006—$94,534,372 
W/L: Sportsbooks won +$8,828,431 (9.3%)

SUPER BOWL LI LONGSHOT PICK: Kansas City Chiefs 20/1 (Westgate Las Vegas SuperBook)