Super Bowl Betting: A Historic Win for Nevada Sportsbooks
Nevada sportsbooks recorded a record-breaking $22.1 million win on Super Bowl LIX, even though total betting handle declined compared to previous years. The 14.6% hold percentage was the highest seen in recent Super Bowl history.
Why Did the Handle Drop?
While the record win is impressive, the total wagered amount of $151.6 million was lower than last year’s $190 million. Industry analysts attribute the decline to the game’s location—unlike last year’s Super Bowl in Las Vegas, this year’s event lacked the same on-the-ground betting frenzy.
The Role of Prop Bets and Changing Markets
Sportsbooks saw significant profits from player prop bets, particularly as heavy public bets on players like Saquon Barkley to score a touchdown did not pay off. Meanwhile, New Jersey also reported a record $25.2 million sportsbook win, showcasing how major betting states continue to evolve.
Nevada Super Bowl Betting Record
Despite a drop in total handle, sportsbooks in Nevada and beyond continue to thrive. The industry’s focus on player props and new bet types demonstrates how operators are adapting to a changing market.
Personal Insight
The record-breaking hold percentage in Nevada’s Super Bowl betting highlights the evolving nature of sports wagering. With sportsbooks capitalizing on player props and new betting options, expect further innovation in how bets are structured and marketed to the public.
