Nevada sportsbooks accepted wagers worth $153.2 million on Sunday’s Super Bowl, considerably less than the previous year’s record of $179.8 million.
On Monday, the Gaming Control Board reported that bets on the Super Bowl LVII, which saw the Kansas City Chiefs beat the Philadelphia Eagles 38-35, were the fourth-highest in history.
Nevada sports betting operators held 7.4% of all wagers on the game collecting $11.3 million. This represents the lowest total since 2019, when operators won almost $10.8 million.
The previous record Super Bowl revenue total for Nevada sportsbooks came in 2020 when operators reported $18.8 million in revenue after the Chiefs beat San Francisco, 31-20.
According to Michael Lawton, a senior economic analyst at the Control Board, several sportsbook operators anticipated that Nevada would lose some betting activity to Arizona, which was the first state with legal sports betting to host a Super Bowl.
However, Lawton noted that there was at least one seven-figure wager and several six-figure wagers on Sunday’s game.
Lawton also noted that football wagering was down 6.9% in the last quarter of 2022, compared with 2021. However, this same period saw sportsbooks set all-time records for revenue of $46.7 million and wagers of $8.7 billion.
According to GeoComply, more than 100 million geolocation checks were processed Saturday and Sunday on mobile sports betting apps. This figure was an increase of about 25% from last year’s Super Bowl. With 13.9 million geolocation checks, New York had the highest percentage among all states.
GeoComply also said that more than 100,000 check-ins were verified from the vicinity of State Farm Stadium in Glendale, Arizona, where the game was hosted.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.