10th of February 2011 Author: Glo Wood
Lowest win since 1998 according to Nevada Gaming Commission
The last weekend Super Bowl football final between Green Bay Packers and the Pittsburgh Steelers played out in Arlington, Texas, did not bring expected earnings to licensed Las Vegas sports bookies.
According to ESPN reports, it was not for the lack of wagers, but the result simply went against the bookies.
The amount of $87.5 million was wagered across 183 sports books in Nevada, the only state offering legal sports betting in the US, and from this, the bookies earned meager $724 000, according to the reports issued by the Nevada Gaming Commission.
Sunday night was lucky for Green Bay players who beat the Steelers 31-25.
In most Las Vegas casinos, the Packers were a 2Â½-point favorite guaranteeing their supporters a win with the six-point victory.The combined 56 points scored helped players who laid bets that the total would go over about 45 points.
Last year, Nevada casinos won $6.9 million on $82.7 million in Super Bowl bets; however this year was not that successful though bettors wagered 5.5 percent more.
Commenting on the Packers' win, Jay Kornegay, executive director of the race and sports book at the Las Vegas Hilton, told ESPN: "I can't say I've got a cheese head in my office right now."
This year saw the lowest winning Super Bowl for casinos since 1998, when books won $472,000 on $77.2 million in wagers.
According to ESPN surveys, during the last 10 years, the casinos have lost only once on the Super Bowl, it was in 2008 when bettors gambled $92 million and casinos lost $2.57 million as the New York Giants beat New England.
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