Sportsook Handle In Nevada Eclipsed $132 Million

Nevada Sportsbooks Take Record Amount Of Bets On Super Bowl

Super Bowl sports betting
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Nevada sportsbooks took a record of more than $132 million in bets on the Super Bowl this year.

The top line sportsbook figures

Figures from the Nevada Gaming Control Board showed how books did in general on bets taken on the Denver Broncos’ win over the Carolina Panthers.

In all, Nevada’s 194 sportsbooks collected $132.5 million in wagers.

The books won $13.3 million on those bets, for a hold percentage of 10.1%.

Very good historically for the sportsbooks

Data from the NGCB showed how well the sportsbooks did against the previous nine Super Bowls. The total amount wagered beat out the $119.4 bet in 2014.

The hold was the third-highest in the past 10 years, and the the second-highest in terms of net revenue over that time period.

Here is the last decade of sportsbook wagering in Nevada:

Vegas Super Bowls

The big numbers for the Super Bowl come on the heels of a record 2015 in Nevada in terms of both handle and revenue.

Part of the reason for the growth is likely the increased availability of mobile wagering in Nevada, which is now offered by a variety of properties.

And even more people want to bet on the Super Bowl legally

Just before the Super Bowl, the American Gaming Association released the results of survey that showed that 80 percent of Super Bowl viewers want to change current sports betting law. That law — the Professional and Amateur Sports Protection Act — only allows single-sport betting in Nevada and limited sports wagering in Montana, Delaware and Oregon.

The study also found that and two-thirds of respondents think states should be able to decide for themselves whether to legalize sports betting.

Despite the current prohibition in America, about 47 million people said they have bet on the Super Bowl in the past.

 

“This first-of-its-kind poll shows clear support among Super Bowl viewers for a state-by-state regulatory approach to sports betting,” pollster Mark Mellman said in an AGA press release. “If the public had its way, public policy would change.”

The AGA previously estimated that about 97% of all wagers on the Super Bowl this year would be placed illegally at offshore sportsbooks, a total that would eclipse $4 billion dollars.

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Dustin Gouker
- Dustin Gouker has been a sports journalist for more than 15 years, working as a reporter, editor and designer -- including stops at The Washington Post and the D.C. Examiner.