‘49er Faithful’ propel Nevada sportsbooks to a near-record Super Bowl win



Nevada sportsbooks collected their second highest win total on the game in the last 10 years – nearly $18.8 million – after the Kansas City Chiefs defeated the 49ers, 31-20, in Miami.

Fans of the San Francisco 49ers, traveling from the Bay Area and those living in Reno, flocked to sportsbooks in Northern Nevada to cheer on their team in Super Bowl LIV.

Nevada sportsbooks collected their second highest win total on the game in the last 10 years – nearly $18.8 million – after the Kansas City Chiefs defeated the 49ers, 31-20, in Miami.

Almost $154.7 million was bet on the game – the second-highest total behind 2018’s $158.6 million in total Super Bowl wagers.

“There are a lot of Niners fans in Northern Nevada and a lot of sports fans drove over for the game from the Bay Area,” said William US CEO Joe Asher.

Nevada’s Gaming Control Board said Tuesday the win percentage on the total wagers was 12.1%, the highest for the Super Bowl since 2014, when sportsbooks held 16.5% out of $119.4 million in wagers.

With sports betting legal in 14 states, Nevada was one of only four states of those having released Super Bowl wagering totals showing a winning hand.

The other three states’ win totals were minuscule compared to Nevada.

Rhode Island football fans bet $5.5 million on the game with sportsbooks collecting $805,000. A year ago the state saw $6.5 million in total wagers, with most of the money bet on the hometown New England Patriots, who defeated the Los Angeles Rams, causing the sportsbooks to lose $2.3 million.

Delaware saw $2.1 million in bets and held $229,000. Oregon took in nearly $2 million in bets and kept about $150,000.

Following the Super Bowl, Nevada sportsbook operators told media outlets they had a good payday.  Caesars Entertainment and MGM Resorts International said revenues were in the multimillion-dollar range.

MGM said two customers lost almost $3 million combined, which included a $1 million money-line bet on the 49ers by Houston furniture store owner Jim “Mattress Mack” McIngvale. Last fall, McIngvale lost millions wagering on the Houston Astros in the World Series.

In Nevada, the Super Bowl betting line closed with the Chiefs as a 1.5-point favorite, which was easily covered. The over-under total on the game closed at 53, which was in danger over going over toward the end of the contest.

Most sportsbook operators in Nevada said they needed the Chiefs and under.

The sportsbook results had a vastly different outcome in other markets.

In New Jersey, the nation’s second-largest sports betting market, casinos and horse tracks took in $54.2 million in wagers, up from $34.8 million, but almost three-times less than Nevada’s total wagers.

But New Jersey’s 10 retail sports books and 19 sports wagering mobile applications lost $4.28 million on the game.

Pennsylvania gaming authorities said the state’s sportsbook took in $30.7 million in Super Bowl wagers, leading to a $3.3 million loss.

Mississippi regulators said sportsbooks took in $6.7 million in Super Bowl wagers, but they did not immediately calculate win-loss totals.

West Virginia took in nearly $3.9 million in Super Bowl bets, up from $2.8 million a year ago. The state did not provide hold percentage information.

(Associated Press contributed)

Howard Stutz is the executive editor of CDC Gaming Reports. He can be reached at hstutz@cdcgaming.com. Follow @howardstutz on Twitter.

This article is a reprint from CDCGamingReports.com. To view the original story and comment, click here


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