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Nevada Super Bowl handle plunges to $133.8M, lowest since 2016

Nevada Super Bowl handle plunges to $133.8M, lowest since 2016

Nevada sportsbooks took in just $133.8 million in bets on Super Bowl 60, the smallest handle since 2016, according to figures released Monday by the Gaming Control Board. The total was more than $50 million below the state record of $190 million set in 2024 when Las Vegas hosted the game for the first time.

The Seattle Seahawks’ 29-13 win over the New England Patriots as 4½-point favorites generated $9.9 million in revenue for the books, a 7.4 percent hold. That win amount was down sharply from the $22.1 million won on last year’s Super Bowl.

Industry observers pointed to several reasons for the drop-off. “One of the factors was probably a lack of star power,” said John Murray, Westgate vice president of race and sports. “I know Drake Maye has a chance to be a great player, but he’s still at the beginning of his career.” Murray also noted that legal sports betting is now available in many states, reducing the need for bettors to travel to Nevada.

Chuck Esposito, sportsbook director at Red Rock Resort, cited the 2024 Las Vegas Super Bowl and the 2025 matchup between the Chiefs and Eagles as two games that drew unusually high public interest. “Pats-Seahawks followed a season where the guests did not have a good season and was poor in comparison for NFL bettors,” he said. The game also featured two defensive-minded teams, and the under hit on the total of 45½ after a 9-0 halftime score.

Despite the lower overall handle, large wagers were reported. Circa Sports took a $1.1 million bet on the Patriots money line (+188) from a bettor hedging Seahawks futures, and a separate $1 million bet on New England money line (+200) just before kickoff. BetMGM accepted a $725,000 hedge bet on the Patriots money line and another $788,000 wager on New England +4½.

Nevada sportsbooks have lost money on only two Super Bowls since 1991: the 1995 game (49ers cover as 19-point favorites) and the 2008 upset by the Giants as 12-point underdogs.

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