Nevada vs Online Sports BooksPublished February 18, 2010 by OCR Editor
Total Super Bowl bets at Nevada sports books up from last year, but miniscule compared with online sports betting.
This year's Super Bowl was once again a big success from a sports book perspective, with $82.7 million bet at Nevada sports books, at a profit of $6.9 million for the bookmakers.
The figure was slightly up on last year, in which $81.5 million was bet in Nevada.
Meanwhile, although no official total exists, this is likely to be about 1% of total sports bets on the big game, with online sportsbooks grossing most of the action.
The match turned out to be a dream for those smart enough to back the underdog - the New Orleans Saints overcame a 4-point difference in the betting odds to upset the Indianapolis Colts 31-17 in the big game.
Jay Kornegay, chief of the Las Vegas Hilton's sports book, was quoted in the Associated Press as saying the results could have been even better if not for the cold snap on the east coast that prevented some from making it to Vegas. But he said that the results also showed an improvement in the economy.
"We thought the Super Bowl was a great measuring stick of the economy and we think the economy is just a little better than what it was last year," he said.
The best year for Nevada bookmakers was 2005, when they took in $15.4 million after New England predictably beat the Philadelphia Eagles.