Nevada rakes in Super Bowl handle of $136.1m
Nevada sportsbooks generated $136.1m in Super Bowl wagers and won $12.6m in revenue.
The Super Bowl handle is the lowest since 2016 and a 12% drop year-on-year. However, this past Sunday’s game between the Tampa Bay Buccaneers and Kansas City Chiefs produced the fifth-largest handle on a sporting event in state history.
Nevada is all but certain to lead the nation in Super Bowl handle after New Jersey reported wagers of $117.4m.
Other states to report Super Bowl handle include Pennsylvania ($53.6m), Illinois ($45.6m) and Colorado ($31.2).
Sportsbooks in Nevada earned a 9.2 hold percentage, in large part thanks to the underdog Buccaneers easily covering the +3 spready by upsetting Kansas City 31-9.
In the last 30 years, Nevada sportsbooks have only lost money on the Super Bowl twice: in 1995 and 2008. This year’s hold percentage was well above the average 7.6%.
Though sportsbooks had a relatively stress-free Sunday, the day didn’t entirely go without a hitch. BetMGM Nevada customers were unable to deposit winning bets immediately after the game, leading to a public apology from the operator.
DraftKings and FanDuel also reported technical problems on their mobile apps in other markets.
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