Las Vegas Sportsbooks Super Bowl Figures

[The Judge]

Yesterday, the Nevada Gaming Control Board released the Super Bowl wagering figures for Nevada sportsbooks. Listed below are the wagered amounts (handle), win/loss amounts, win percentage (hold) and results for the last ten Super Bowls.


THE GAMING CONTROL BOARD RELEASED FIGURES TODAY SHOWING THAT $82.7 MILLION WAS WAGERED IN NEVADA’S 182 SPORTS BOOKS ON THIS YEAR’S SUPER BOWL.

GAMING CONTROL BOARD CHAIRMAN DENNIS NEILANDER SAID, “UNAUDITED FIGURES SHOW A SPORTS BOOK WIN OF $6,857,101 WAS RECORDED ON WAGERS TOTALING $82,726,367. THIS RESULTED IN A WIN PERCENTAGE OF 8.3%.”

THE FOLLOWING IS A SUMMARY OF NEVADA SPORTS BOOK PERFORMANCE FOR THE LAST TEN SUPER BOWLS:

YEAR . WAGERS ...WIN/(LOSS) WIN % GAME RESULTS

2010 $82,726,367 $ 6,857,101 8.3% New Orleans 31, Indianapolis 17

2009 $81,514,748 $ 6,678,044 8.2% Pittsburgh 27, Arizona 23

2008 $92,055,833 $(2,573,103) -2.8% N.Y. Giants 17, New England 14

2007 $93,067,358 $12,930,175 13.9% Indianapolis 29, Chicago 17

2006 $94,534,372 $ 8,828,431 9.3% Pittsburgh 21, Seattle 10

2005 $90,759,236 $15,430,138 17.0% New England 24, Philadelphia 21

2004 $81,242,191 $12,440,698 15.3% New England 32, Carolina 29

2003 $71,693,032 $ 5,264,963 7.3% Tampa Bay 48, Oakland 21

2002 $71,513,304 $ 2,331,607 3.3% New England 20, St. Louis 17

2001 $67,661,425 $11,002,636 16.3% Baltimore 34, N.Y. Giants 7


http://gaming.nv.gov/documents/pdf/pr_10superbowl.pdf

[Dr. Jack]

Good info Judge

[The Judge]

A sportsbook's expected hold on any widley wagered sports event is around 4% so at a glance it is evident that the Super Bowl is typically very profitable for those excepting wagers. This is due in large part to the wide variety of proposition wagers which usually carry more than the standard 10% juice. Parlays and teasers are also heavily bet on during the Super Bowl and these wagers also carry higher negative expectations for bettors.