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Nevada casinos make more than $1B in May

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This year was the slimmest winning Super Bowl since 98

February 08, 2011 1:06 PM by Staff & Wire Reports

Sports books in Nevada won just over $724,000 from Super Bowl bets despite heavy gambling on the Green Bay Packers and lots of scoring, Nevada gambling regulators said Tuesday.

The Nevada Gaming Control Board said $87.5 million were wagered on the NFL's championship game in 183 sports books across the state.

Of those bets, casinos kept less than 1 percent.

Green Bay beat the Pittsburgh Steelers 31-25 at Cowboys Stadium in Arlington, Texas, on Sunday night. The Packers were a 2 1/2-point favorite in most Las Vegas casinos, giving their supporters a win with the six-point victory. The combined 56 points scored helped bettors who gambled that the total would go over about 45 points.

Mike Lawton, a research analyst with the control board, said that while some casinos won, others had moderate losses.

"There wasn't anyone that lost anything mind-blowing," he said. "I think we were really worried about it being a loss — it could have been worse."

Gamblers wagered 5.5 percent more this year than last year, when Nevada casinos won $6.9 million on $82.7 million in Super Bowl bets as New Orleans beat Indianapolis, 31-17.

Casinos have lost once only once on the Super Bowl in the last 10 years, in 2008 when bettors gambled $92 million and casinos lost $2.57 million as the New York Giants beat New England, 17-14.

This year was the slimmest winning Super Bowl for casinos since 1998, when books won $472,000 on $77.2 million in wagers. The Denver Broncos beat Green Bay in that game, 31-24.

SUMMARY NEVADA SPORTS BOOK PERFORMANCE FOR LAST TEN SUPER BOWLS

YEAR

WAGERS 

WIN/(LOSS) WIN % GAME RESULTS
2011 $87,491,098 $724,176 0.83% Green Bay 31, Pittsburgh 25
2010 $82,726,367 $6,857,101 8.30% New Orleans 31, Indianapolis 17
2009 $81,514,748 $6,678,044 8.20% Pittsburgh 27, Arizona 23
2008 $92,055,833 ($2,573,103) -2.80% N.Y. Giants 17, New England 14
2007 $93,067,358 $12,930,175 13.90% Indianapolis 29, Chicago 17
2006 $94,534,372 $8,828,431 9.30% Pittsburgh 21, Seattle 10
2005 $90,759,236 $15,430,138 17.00% New England 24, Philadelphia 21
2004 $81,242,191 $12,440,698 15.30% New England 32, Carolina 29
2003 $71,693,032 $5,264,963 7.30% Tampa Bay 48, Oakland 21
2002 $71,513,304 $2,331,607 3.30% New England 20, St. Louis 17

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