Nevada’s Sports Betting Handle Breaks Super Bowl Record

NFL Quarterbacks Around the Super Bowl Trophy on Right NFL Logo With a Football and US Cash on Bottom Sportsbook Betting Lines on Left

Super Bowl 56 is officially in the books and the LA Rams are world champions once again. The Rams’ good fortune extends to nearby Nevada where sportsbooks reported taking in a record number of wagers. According to the unofficial numbers, sports betting operators in the Silver State generated a sports betting handle of nearly $180 million.

The Super Bowl betting handle was up more than 15% from last year. It is also a new record, breaking the previous mark set in 2018. Based on the reported handle, sportsbooks are expected to get over $15 million in revenue.

There are many factors that led to Sunday’s record numbers. The addition of mobile betting options allowed greater access to wagering opportunities. Las Vegas casinos also lifted pandemic restrictions in the lead-up to the Super Bowl which allowed more people to bet in person.

A Closer Look at Nevada’s Super Bowl Betting Numbers

The NFL is one of the most bet sports in the US, and the Super Bowl is always a huge game for sportsbooks. This year’s numbers were especially high for sports betting operators in Nevada. Initial reports put the sports betting handle from the Super Bowl at $179.8 million.

If the numbers are correct, the nearly $180 million betting handle will be 16.2% higher than the betting handle from Super Bowl 55. Sunday’s betting handle was nearly $44 million higher than last year’s. It would also be 13.4% more than the state record set in 2018.

A record betting handle would produce a significant amount of revenue for Nevada’s sportsbooks. Based on the initial reports, sports betting operations could expect up to $15.4 million in revenue. Nevada had a record-setting end to 2021. The projected revenue from the Super Bowl would be a good start to continuing that success in 2022.

Why Did the Betting Handle Increase?

Like many states across the US, Nevada has experienced a steady increase in both betting handle and betting revenue in recent years. The pandemic reduced betting traffic in 2020. However, most states have been able to bounce back to pre-Covid numbers.

One of the biggest factors contributing to the growth of sports betting has been the growing popularity of mobile betting options. In Nevada, bettors must register in person prior to wagering on their mobile accounts. Mobile betting offered players more chances to take advantage of in-game prop bets.

The return to a “normal” betting environment at casinos also helped. Pandemic restrictions were lifted, allowing more people to access retail sportsbooks. At Caesars’ strip locations, for instance, retail counters sold out all of their available tickets for the game.

Since 2018, states have been able to make their own laws regarding sports betting. As more states have legalized sports gambling, it has become more normalized in American society. According to sports betting operators, the growing interest in sports betting created an increase in “small” tickets for the Super Bowl.

Conclusion

The longest NFL season in history officially ended on Sunday as the LA Rams won Super Bowl 56. Super Bowl Sunday is always a big day for Nevada’s sportsbooks, but this year’s game was especially productive.

According to initial reports, bettors in Nevada place a record number of wagers. Nevada’s sports betting handle reportedly set a new record with nearly $180 million in wagers placed.

Sportsbooks in the Silver State benefitted from lessened pandemic restrictions at their retail locations. The growing popularity of mobile betting also helped add to the record total. Sports betting is increasingly popular in the US, which some experts say led to an increase in “small” tickets for the big game.

2021 was a record-setting year for Nevada’s licensed gaming operators. Breaking the state record for Super Bowl betting is a great way to start off 2022. Nevada’s sportsbooks are projected to earn $15.4 million in revenue from Sunday’s game.