Nevada sportsbooks posted a record $22.1 million in winnings on Super Bowl LIX despite a reduction in total betting volume. The Nevada Gaming Control Board released the data on Tuesday (11).
The total bet on the game fell to US$151.6 million. This value was below the 2024 record, which was US$185.6 million. Furthermore, this year’s amount was the lowest since 2021.
Michael Lawton, senior economic analyst at the Gaming Control Board, said: “Not having the game at Allegiant was a contributing factor, in addition to not having a team from neighboring California [San Francisco 49ers] playing.”
Despite this, the Philadelphia Eagles‘ 40-22 victory over the Kansas City Chiefs as 1-point underdogs was profitable for bookmakers. That’s because most bettors had chosen Kansas City. The point total easily surpassed the 48.5 over/under line.
Lamarr Mitchell, director of trading at MGM Resorts, stated: “Our best case scenario was for the Eagles to win outright. So it was a very, very good victory for the house.”
In 2024, eight bets of at least US$1 million took place in the country, five of which were in Las Vegas. In this Super Bowl, no one registered bets of that value.
Super Bowl Betting Volumes
BetMGM in Nevada received the four biggest bets this year. Among them were two $750,000 bets on the Chiefs and six-figure bets on the under.
Christian Cipollini, senior trading manager at BetMGM, highlighted: “Super Bowl LIX was the biggest betting event in BetMGM history — it received the most bets and was one of the best single-game results in the company’s history.”
At halftime, with the Philadelphia Eagles leading 24-0, bookmakers saw an increase in in-play betting. Customers bet heavily on the Kansas City Chiefs‘ recovery.
Craig Mucklow, vice president of trading at Caesars, explained: “A significant amount of bets flooded into Kansas City with higher odds on the money line and all the spreads we posted.”
“This rare opportunity to bet on Chiefs quarterback Patrick Mahomes with such generous spreads and odds has proven to drive significant growth.”
With the game held in New Orleans, Caesars benefited from the $435 million renovation of Caesars New Orleans. Thus, the company reported its highest number of in-person bets for a single event. Through a naming rights deal, Caesars put its name on the New Orleans Superdome.