The first Super Bowl played in Las Vegas was a success. From the thrilling finish that saw the Kansas City Chiefs rally to defeat the San Francisco 49ers in overtime to the pageantry that accompanies Vegas, Super Bowl LVIII certainly lived up to the hype – the broadcast of CBS Sports becoming the.
And with the game in Vegas for the first time, it makes sense that betting history has also been made. Nevada sportsbooks broke the state record for Super Bowl betting with $185.6 million wagered on the game, surpassing the $179.8 million mark, according to the Nevada Gaming Control Board. dollars established in 2022.
“Super Bowl betting set an all-time high and definitely met our expectations,” said Michael Lawton, NGCB senior economic analyst, via the Las Vegas Review Journal. “Determining factors for this year’s totals included the game between a West Coast team from Las Vegas’ second feeder market, the defending champions and, of course, the game played in Las Vegas at Allegiant Stadium.”
Nevada sportsbooks won an average of 3.7%, the fourth lowest winning percentage for the books over the last 10 years. The big winners for the public were the overtime bet, which ended at 9-1 odds, and the Chiefs, who closed as 2-point underdogs despite being the defending champions and They have Patrick Mahomes. According to Action Network, about 71% of the money bet against the spread in sports betting was on the Chiefs.
Sports betting making money on the Super Bowl is completely normal; since 1991, there have only been two Super Bowls where the crowd won, by gaming journalist Ben Fawkes.
Las Vegas has recently become the epicenter of the sports world, culminating in hosting Super Bowl LVIII. In the past calendar year, Vegas hosted a Stanley Cup Final, a WNBA Final, a Formula 1 race and UFC fights. Hosting these events contributed to gaming revenue in the state of Nevada.
Nevada saw a 21.2% increase in Super Bowl sports betting compared to 2023 – another sign that the Super Bowl could return to Vegas.