Super Bowl 59 expected break wagering record

Sports Betting

The Super Bowl 59 matchup between the Eagles and Chiefs will generate more than $1.5 billion in legal betting nationwide.

Nevada is the historical epicenter for Super Bowl betting, but New York might have enough inertia to take the top spot for the first time this year. The first Super Bowl played in Las Vegas produced a record wagering total and small revenue figure, despite predictions that sportsbooks nationwide would take a financial loss on the game.

Nearly 24 hours after the Kansas City Chiefs’ 25-22 overtime win over the San Francisco 49ers at Allegiant Stadium on Sunday night, the Gaming Control Board said Nevada sportsbooks took in $185.6 million in wagers on the game. The bets translated into revenue of $6.8 million, a hold percentage of 3.7 percent.

The Super Bowl is considered the most wagered single-game event annually in Nevada sportsbooks with outsized bets coming from celebrities and high rollers. Las Vegas sportsbook operators reported several million-dollar wagers on the game heading into the weekend. 

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