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Super Bowl Sees Record Sports Betting Numbers

Editor by Editor
February 15, 2024
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This yr’s Super Bowl not solely introduced the second-straight championship for the Kansas City Chiefs but in addition produced some attention-grabbing playing numbers. That included document wagering quantities throughout the nation.

However, current reviews additionally point out that casinos skilled some tough outcomes when all of the numbers got here in. The Chiefs additional time win registered some massive losses for some sportsbooks. Here’s a recap of a few of these figures.

Sports Betting Numbers

With extra states than ever providing authorized sports activities betting, this yr’s massive sport produced massive betting numbers throughout the board. Online gaming geolocation supplier firm Geocomply provided some perception on how common cellular sports activities betting has develop into.

The firm famous a 22% enhance in geolocation checks over Super Bowl weekend together with 8.5 million lively accounts throughout the nation, a rise of 15% from the 2023 Super Bowl.

Right earlier than kickoff, Geocomply noticed a document 15,000 transactions per second, doubling the quantity from 2023. Overall, there have been 122 million location checks processed. Legal operators additionally registered 1.8 million new customers within the two weeks earlier than the sport and there have been 13.7 million new accounts opened through the 2023-24 NFL season, a 28% enhance from 2022-23.

These betting tendencies fall into line with other forecasts for the sport. The American Gaming Association lately predicted a $23.1 billion whole guess on the Super Bowl in all types of wagers, up from $16 billion final yr.

In Nevada, which hosted the sport in Las Vegas, state regulators reported a document $185.6 million wagered, up from $179.8 million in 2022.

Casino Losses

A take a look at the Nevada numbers, nevertheless, could supply some perception into what casinos skilled on the wagering entrance. The state noticed only a 3.7% maintain share, with solely $6.8 million going to the casinos. There have been solely three decrease win charges since 2015.

Overtime introduced two situations that have been apparently dangerous for casinos – the Chiefs profitable and the variety of gamblers who guess on the sport going to additional time.

Kansas City entered the matchup as an underdog however reviews notice that the motion was very lopsided on the Chiefs, giving casinos extra danger if the group received. Sportsbooks additionally reported seeing heavy wagering on the additional time guess, with odds from 9-1 to 11-1 relying on the sportsbook.

Caesars Sports reported shedding seven figures on the additional time betting. Other books reported related losses.

“The Chiefs force OT and then win … there is nothing that could’ve been worse,” Las Vegas Westgate SuperEbook govt director John Murray informed ESPN.

Major Action

The days previous the large sport noticed a number of nosebleed stakes wagers rolling at numerous sportsbooks. Circa Sports booked a $1 million wager on the Chiefs at +2. PointsBet reported $1 million on the 49ers at +2.

Another $1 million was guess on the 49ers moneyline at BetMGM. Poker professional and handicapper Sean Perry has seen his personal share of heavy motion in recent times and put $1.1 million on the 49ers.

That didn’t work out this yr and likewise got here after deciding to not settle for a take care of a few of the few remaining gamers within the $9.2 million Circa Survivor contest. He was then eradicated when his group misplaced.

 

 

 





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Tags: Casino NumbersCasino Revenuekansas city chiefsLas VegasSan Francisco 49ersSports BettingSports Betting LossesSports Betting Revenuesuper bowl
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