Nevada Casinos win $6.86 Million on Super Bowl Bets
Written by playerpress.com, Tuesday February 09 2010
Las Vegas casinos won $6.86 million on Super Bowl bets this year.
The Nevada Gaming Control Board said that the win was $179,000 more than the sports books won last year, on $1.21 million more in bets.
Jay Kornegay, executive director of the race and sports book at the Las Vegas Hilton said that his sports book accepted 14 percent more wagers than it did last year, but the average bets were lower. He said that bets were hurt by the by the bad weather on the East Coast, which prevented bettors from traveling to Las Vegas to bet on the game.
Kornegay said the Hilton lost $2.6 million in part because it lost money on proposition bets that usually go the casino's way. Casinos make money offering long odds on plays that don't normally happen, like 2-point conversions and interceptions returned for a touchdown. The Saints did both of those things in this Super Bowl.
Nevada's biggest Super Bowl win in the last 10 years was in 2005, when the New England Patriots beat the Philadelphia Eagles and casinos won $15.4 million. Bettors wagered the most in 2006, when $94.5 million was bet on the Pittsburgh Steelers victory over the Seattle Seahawks.
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