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Nevada Sportsbooks Enjoy Strong Super Bowl 50 Results
- February 9, 2016 By Nemanja L. -
The Super Bowl 50 not only captured the attention of sports enthusiasts all over the world, but was also one of the most heavily bet events in recent years, with Nevada sportsbooks turning a nice profit on the Denver Broncos vs Carolina Panthers game.
It was the Broncos that eventually enjoyed a 24-10 triumph in what was a dull game, with Nevada Gaming Control Board later revealing that a total of $132.5 million was placed in wagers on the Super Bowl across the state’s 194 licensed sportsbooks.
This means that previous $119.4m record, set two years ago, was soundly beaten, but when it comes to profits on those wagers, the Broncos vs Panthers game placed third, with the 2014 game still holding a record in that category with $19.7 million in profits.
Sportsbooks Turn Profit on Super Bowl Yet Again
Nevertheless, the Las Vegas sportsbooks had every reason to be satisfied with this year’s results, as they got to keep around 10.1% of all Super Bowl 50 bets. And even though the result did not come close to the 2014 record of 16.5 percent, it definitely beat last year’s 2.8% shocker.
This was the eighth year on the bounce that the bookmakers managed to turn a profit on Super Bowl match, with the 2008 game one of just two that saw the bookies lose money on the big game.
The majority of early bets had been placed on Carolina Panthers, but the wagers started shifting into Denver’s favour from Wednesday, with the action ending up being pretty evenly split between the two sides of the coin.
Prop Bets Prove the Most Popular
Oddly enough, prop bets accounted for nearly 60 percent of all wagers, with the Nevada books probably regretting the decision to finally quote prices on the game’s most valuable player.
The Super Bowl 50 MVP Von Miller was available at 60 to 1 as the odds opened, before a flurry of bets narrowed the price to 12:1. Nevertheless, bettors were still able to make a nice profit on the MVP market.
Having seen Nevada enjoy great results from being the only state to be able to offer single-game bets on sporting events, it is hardly surprising most other states want to get a piece of the action.
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