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Nevada cites 10-year low for Super Bowl bets
| USA | sports

Nevada cites 10-year low for Super Bowl bets

#Nevada #Super Bowl LX #Sportsbooks #Seahawks #Patriots #Gambling #Betting handle #Revenue

📌 Key Takeaways

  • Nevada sportsbooks recorded $133.8 million in Super Bowl LX bets, the lowest amount in a decade.
  • The Seattle Seahawks defeated the New England Patriots 29-13 in the championship game.
  • Net profits for the sportsbooks dropped to $9.9 million, a 55% decrease from the previous year.
  • The betting handle reached its lowest level since 2016 despite the high-profile matchup.

📖 Full Retelling

The Nevada Gaming Control Board announced on Monday that state sportsbooks handled approximately $133.8 million in total wagers for Super Bowl LX, marking a significant ten-year low for the championship event held at Levi's Stadium. The sharp decline in betting volume coincided with the Seattle Seahawks' dominant 29-13 victory over the New England Patriots, leaving bookmakers with a net win of just $9.9 million. This financial performance represents a staggering 55% decrease in profit compared to the previous year’s Super Bowl figures, signaling a cooling period for the state's traditional gambling hubs. Financial analysts point to several factors for the diminished handle, which reached its lowest point since 2016. While Nevada has historically been the epicenter of Super Bowl gambling, the shift in market dynamics and potentially the specific matchup between Seattle and New England failed to draw the record-breaking crowds seen in recent years. The $9.9 million retained by the books reflects a hold percentage of roughly 7.4%, a figure that fell well short of the optimistic projections held by industry experts leading up to the game. Despite the lower-than-expected turnover, the Seahawks' definitive win ensured that the sportsbooks remained in the black, avoiding a total loss on the day. However, the contrast with last year’s performance highlights the volatility inherent in sports wagering. As the industry continues to evolve with the expansion of mobile betting and nationwide legalization, Nevada officials are closely monitoring these trends to determine if this year's slump is a temporary anomaly or part of a broader shift in how fans engage with major sporting spectacles.

🏷️ Themes

Sports Betting, Economy, Sports

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📄 Original Source Content
Approximately $133.8 million was bet on Super Bowl LX with Nevada sportsbooks, a 10-year low, with a net of $9.9 million on the Seahawks' 29-13 win over the Patriots, down 55% from last year.

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