Las Vegas Casinos And Sportsbooks Report Major Revenue For Super Bowl LVI

The Los Angeles Rams triumphed over the Cincinnati Bengals with a 23-20 score to win Super Bowl LVI. However, the Rams didn’t cover the 4.5 point spread. The game’s final score remained below the total of 48.5.

The Rams are only the second team to win in the last 17 Super Bowls without covering the point spread. The Pittsburgh Steelers last accomplished this feat when they beat the Arizona Cardinals in 2008.

The outcome of the favorite winning but not covering the point spread made this one of the most successful instances Nevada sportsbooks have witnessed in years. The regular betting community usually prefers to wager on favorites to cover and exceed the total.

The Nevada Gaming Control Board has reported a record $179.8 million Super Bowl bet. Nevada sportsbooks made a profit of $15.4 million, holding 8.6%, which is a 23% increase from last year’s Super Bowl.

This year saw more gambling on the Super Bowl than in the previous 10 years. The only Super Bowl that saw greater earnings for sportsbooks was in 2020, when they retained 12.1% of the bets, resulting in a win of $18.77 million.

Chuck Esposito, the sportsbook director for Station Casinos, informed the Las Vegas Review-Journal that this Super Bowl was their most successful to date. Other sportsbooks such as South Point, Westgate, Caesars, and BetMGM reported significant wins as well.

Despite BetMGM reporting a nationwide win of over a million dollars, there was initial uncertainty about this outcome early in the game, according to Jason Scott, the VP of Trading at BetMGM.

The beginning of the Super Bowl was tough for BetMGM, as Odell Beckham Jr.’s first touchdown and poor results in the first quarter and half made things difficult. However, the second half was more favorable for the book. The Rams’ win in regulation saved us from a potentially disastrous outcome in what was the most heavily wagered Super Bowl in history, had the match gone into overtime.

The Vegas experience continues to be amazing

Concerns were raised that the repeal of the Professional and Amateur Sports Protection Act (PASPA) in 2018 might negatively impact Las Vegas. However, it may not be the case so quickly, my friend.

The common belief among industry experts is that rising tides would benefit everyone. It appears to be true.

Once again, tourists swarmed to Las Vegas to view and gamble on the Big Game. Although the majority of visitors scheduled their trips months ahead, the removal of the mask mandate last week by the state and Nevada Gaming Control certainly didn’t discourage them.

Sports bettors have the option to gamble anywhere in the country, but Las Vegas provides unique experiences. Besides, it is also the home of some of the finest sportsbook operators nationwide.

The casino sportsbooks were once again filled with massive crowds. Numerous locals packed the sportsbooks at Station Casinos. The sportsbook at Caesars Palace on the Vegas Strip saw a massive queue to place bets. The substantial lines harken back to the days before Covid-19.

A private viewing party in the style of “ManningCast” was hosted by Caesars Palace with brand ambassadors Peyton & Eli Manning for a select number of VIP guests.

This is how we conduct #Halftime at the greatest pool ever. 🎆🏈#BigGame #StadiumSwim pic.twitter.com/NJgOYaZORb

From @stadiumswim on February 14, 2022.

This year, Circa Resort held its first Super Bowl without any Covid-19 restrictions. The experience lived up to everyone’s expectations. The casino’s sportsbook and bars were bustling with activity.

The Stadium Swim pool complex was also packed, providing an experience that will be challenging for other states with legalized sports betting to duplicate.

Not many venues provide an outdoor pool complex where you can enjoy the big screen sportsbook experience, complete with halftime and post-game fireworks.

Despite having outdated mobile app registration rules, Las Vegas continues to provide the unique “Only In Vegas” experiences that people anticipate.

Super Bowl LVII futures

Shortly after the conclusion of Super Bowl LVI, sportsbooks launched futures betting for Super Bowl LVII. BetMGM sportsbooks have named the Buffalo Bills and Kansas City Chiefs as the +750 favorites to win the upcoming Lombardi Trophy.

The Rams and Bengals are next in line with +1100 and +1200 odds, respectively. The Las Vegas Raiders stand at +5000 odds to win the Super Bowl next year. Here is the comprehensive list of Super Bowl LVII futures:

Initial betting activity at BetMGM indicates that the Bills have secured 14.2% of the bets and 18.3% of the total money wagered on next year’s Big Game. These odds are subject to change once the NFL Draft is conducted and free agency commences.