Las Vegas Generates $724,176 In Gambling Revenue Over Super Bowl

February 9th, 2011 – by Glen Farmer

The Super Bowl is one of the most heavily bet sporting events in the United States, and casinos in Nevada look forward to the influx of cash brought in by their sportsbooks over the big game.

Unfortunately, the influx of cash was not as large as gambling officials had hoped. According to the Nevada Gaming Control Board, the 183 sportsbooks in the region brought in $724,176 from the $87.5 million that had been wagered. This marks the lowest win that Nevada has had from Super Bowl wagers in 13 years.

The Packers were the favorite going into the event. Those who bet for the Packers to win straight up won their bets, as did those who bet on the Packers to cover the spread, which was set at 2.5 to 3.5, depending on the sportsbook, with 2.5 being the predominant line.

Green Bay and Pittsburgh also managed to drive the over/under into the total, exceeding the 45 point estimate that sportsbooks had placed.

Last year, during the harsh economic downturn, Nevada’s gambling businesses were saved in part by Super Bowl wagers, but also baccarat, a game played primarily by high rollers.

An influx of tourists did, however, bring in some extra money through hotels, food and beverage, and entertainment over the weekend.

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