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Super Bowl Betting in Nevada Sees Drop From 2020

Super Bowl Betting in Nevada Sees Drop From 2020 article feature image

Ethan Miller/Getty Images. Pictured: Westgate SuperBook

There was $136 million wagered on Super Bowl LV in the state of Nevada, according to numbers released by the Nevada Gaming Control Board on Tuesday. That marks a steep decline from last season.

Sportsbooks in the state won $12.5 million on a 9.2 percent hold.

The 12 percent drop in handle was the worst year-over-year drop since at least 1991. That’s not a surprise considering the COVID-19 pandemic has limited in-person sportsbook capacity.

The $136 million handle is still the fifth-largest handle in state history, beaten out by the previous four games.

The 9.2 percent hold percentage is better than the 30-year average (7.6 percent) and is the fourth best in the last 10 years. Most sportsbooks needed the underdog Tampa Bay Buccaneers to cover, which they did in their outright 31-9 win over the Kansas City Chiefs.

Since 1991, Nevada sportsbooks have only lost money in two Super Bowls — Super Bowl XXIX in 1995 (49ers-Chargers) and Super Bowl XLII in 2008 (Giants-Patriots).

Although Nevada was second to New Jersey in total handle for every month in 2020, they did beat the Garden State for the Super Bowl. New Jersey generated $117.4 million in total game handle.

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