This year’s Super Bowl not only brought the Kansas City Chiefs a second straight championship, but it also produced some interesting punt numbers. This included standard betting amounts across the country.
However, recent reports also indicate that casinos saw some rough results when all the numbers came out. The Chiefs’ overtime win marked some big losses for some sportsbooks. Below is a summary of some of those numbers.
Sports betting numbers
With more states offering legal sports betting than ever before, the big game this year produced big betting numbers across the board. Geocomply, a geolocation provider for online gaming, provided some insight into the popularity of mobile sports betting.
The company noted a 22% increase in location verifications over Super Bowl weekend along with 8.5 million active accounts across the country, a 15% increase over the 2023 Super Bowl.
Just before launch, Geocomply saw a record 15,000 transactions per second, double the number compared to 2023. Overall, 122 million site checks were processed. Legal operators also registered 1.8 million new users in the two weeks leading up to the match, and there were 13.7 million new accounts opened during the 2023-2024 season. NFL An increase of 28% from the 2022-23 season.
These betting trends In line with other expectations For the sake of the game. The American Gaming Association recently projected a total of $23.1 billion bet on the Super Bowl across all betting formats, up from $16 billion last year.
In Nevada, which hosted the match in Las Vegas, state regulators reported a record $185.6 million in betting, up from $179.8 million in 2022.
Casino losses
However, a look at Nevada’s numbers may provide some information about what casinos have seen on the betting front. The state saw just a 3.7% retention rate, with only $6.8 million going to casinos. There have only been three lower win rates since 2015.
Overtime brought two scenarios that were apparently bad for the casinos: the Chiefs winning and the number of gamblers betting on the game continuing into overtime.
Kansas City entered the game as an underdog, but reports indicate the action was too lopsided for the Chiefs, giving the casinos more risk if the team wins. Sports betting sites also reported seeing heavy betting on the overtime bet, with odds ranging from 9-1 to 11-1 depending on the sports bet.
Caesars Sports reported that it lost seven numbers on overtime betting. Other books reported similar losses.
“The Chiefs force OT and then win…there’s nothing that could be worse than that,” said John Murray, executive director of the Las Vegas Westgate SuperBook. espn.
Main work
The days leading up to the big game have seen many bets on bets at many sportsbooks. Circa Sports booked a $1 million bet on the Chiefs at +2. PointsBet reports $1 million on the 49ers at +2.
Another $1 million has been bet on the 49ers moneyline at BetMGM. Poker pro and handicapper Sean Perry has seen his share of hard work in recent years and has placed $1.1 million on the 49ers.
That didn’t work out this year and also came after a decision was made to not accept a deal with some of the few remaining players in the $9.2 million Circa Survivor competition. Then he was eliminated when his team lost.
