Nevada's record Super Bowl betting makes for a February to remember

Mar 28, 2014 |
A record-breaking Super Bowl handle made February a month to remember for Nevada sportsbooks. According to the latest reports from the Nevada State Gaming Control Board, Silver State casinos earned more than $29.9 million on sports betting in February 2014 – with nearly $19.7 million won on the Super Bowl alone.

Nevada books took in a record $119.4 million in bets on Super Bowl XLVIII between the Denver Broncos and Seattle Seahawks, with sportsbooks celebrating a hold of 16.5 percent thanks to Seattle’s shocking domination of the favored Broncos.

“Our channel checks throughout the week had indicated that the public was betting on Denver almost 2-to-1,” Michael Lawton, senior research analyst for the Gaming Control Board, told Covers following the Super Bowl. “That being said, when the Seahawks won outright the books had a solid day to say the least.”

Venues on the Las Vegas Strip, Nevada’s most popular betting destination, won $15.8 million on football in February (NFL and NCAAF), with outstanding college and NFL bets cutting into the total win for the Super Bowl. Sportsbooks on the Strip enjoyed a 20.61 winning percentage (hold) on football in February.

The crowds of sports bettors flocking to Nevada for the Big Game also generated a flux in action for sports other than football. Basketball was a big winner for the books, earning almost $9.5 million in February with a hold percentage of 6.2. It was a slight decrease from February 2013, when books won $9.95 million on basketball betting (NBA and NCAAB).

Other sports (hockey, tennis, golf, soccer, boxing, racing, MMA) earned $1.46 million for Nevada books in February, with an impressive hold of 10.57 percent. That’s a sizable increase from the $721,000 won in January 2014 but did not eclipse last February’s earnings of $1.7 million.

Parlay cards brought in $1.1 million in winnings to Nevada books in February, with a 53.68 percent hold. That topped February 2013’s winning of $760,000 on parlay cards, due in large part to the Seahawks’ upset win over the Broncos - a staple on most parlay cards - at MetLife Stadium.

Overall, Nevada casinos won $926,083,897 in February 2014, which was actually a 13.71 percent decrease from the total gaming win of $1,073,261,160 earned in February 2013. However, it was a jump from the $884,203,134 won in January 2014.
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