Known for its luxurious neon skyline and high-stakes wagering, Las Vegas is one of the crown jewels in the gambling world. Situated in the Nevada desert, Vegas is known as an oasis for all kinds of gaming from slots to huge sports wagers. Speaking of sports wagers, Vegas and the Silver State as a whole took home a ton of money in Super Bowl wagers. This past weekend, Nevada took in an all-time high of $179.8 million in wagers on the NFL title game according to NBC News.
Below, SBS will detail some of the latest updates in Las Vegas and what it means for gaming in the near future in the state
With the Los Angeles Rams knocking off the Cincinnati Bengals, 23-20 in the Super Bowl, the Rams were able to take home the Lombardi Trophy for the first time since 2000. In the time period since then, gambling and, sports wagering in particular, have exploded. With Nevada taking in $179.8 million in wagers on the Super Bowl, the state saw a profit of 8.6 percent. This past weekend topped the previous record for bets in Nevada, which was set in 2018 at $158.58 million according to NBC Philadelphia.
According to reports surrounding the results of the bets from this past weekend’s game, the house scored an 8.6 percent profit thanks to wagers on the Rams (-4.5 points). Also, another senior economic analyst source from the Nevada Gaming Control Board said that wagers having the game going over 48.5 points was a big win for the house casinos. Indeed, as the saying goes “the house always wins” and that certainly was true this past weekend, well for the most part.
With Nevada holding a monopoly on sports gaming for so long in the United States, conventional wisdom would venture to guess that their “luck” would run out at some point. This certainly appeared to be the case in 2018 when the Supreme Court pulled back a federal law that required states to ban gambling on the winners and losers of sporting events. Since then, sports gaming in particular has become legal in over a dozen U.S. states and is easily accessible via smartphone apps.
With that in mind, many would assume that the luster of the Silver State’s gambling ventures would lose steam, but that has not been the case. According to a director of research from the International Gaming Institute at UNLV, the overall mass proliferation of sports gambling has led to growth in the more traditional wagers that Vegas offers. This same researcher suggests that with more awareness around sports wagers, more people realize that sports betting is legal as a whole.
As you are getting ready to place more bets, it is always a fantastic idea to know what is available to you in Las Vegas. That’s why SBS has you covered with the best online sportsbooks in the Las Vegas. Other great resources to have available are the most utilized payment methods and ones available to you. This gives you an immediate idea of what ways you can place your bets and if you have an available balance to do so.
For veteran gamblers, knowing where to find the best bang for their buck is a must. That’s why SBS has a one-stop resource for the best bonuses available to you at any time. So next time you are looking at making wagers on the big game, you can have all the best bonuses in front of you to increase your winnings.
About the Author
As a devout aficionado of sports, Chris Boline has carved a career within the athletic realm. A skilled scribe, he boasts a decade-long portfolio that encompasses coverage of the NBA G League, the Los Angeles Chargers, football and basketball across the country. Beyond his professional pursuits, Chris is deeply invested in his community and dedicates his leisure hours to serving on boards, collaborating with community organizations, and cherishing the company of loved ones. CURRENTLY Business Development and freelance sports writing RESIDES IN Reno, NV EDUCATION University of Nevada BS and MBA EXPERTISE -Sports writing proficiency in: NFL, NBA, UFC, boxing, golf, and some motor sports -Topical news -Promotional and marketing ideas/updates -Business development Summary Chris Boline serves in a business development sales capacity as his day job. He has previously held sales/marketing positions with The Applied Companies (TAC), KTVN 2 News and the NBA G League’s Reno Bighorns, affiliate of the Sacramento Kings. He is a Reno native and is a member of various community boards including the Nevada Sagebrush Alumni Chapter, NCET and the College of Business Alumni Association (COBAA). Chris graduated from the University of Nevada in 2015 with a bachelors in management and economics and also earned his MBA from Nevada in 2023. More about Chris: Past president of the College of Business Alumni Association (COBAA) 2022-23 Two-time honoree for University of Nevada Alumni Chapter of the Year (Nevada Sagebrush Alumni Chapter, 2017 & COBAA, 2021) 2021 NCET award for Professional Services Organization of the Year with TAC Northern Nevada Human Resources Association 2020 Best Places to Work-Northern Nevada, Second Place with TAC 2016-17 Reno Bighorns MVP from the Sacramento Kings The Nevada Sagebrush editor-in-chief 2013-15 Associated Collegiate Press 2015 Four-year Non-daily Newspaper Pacemaker honoree University of Nevada, Reno College of Business Dean's List honoree (5x) from 2011-2015 Nevada Press Association award for Best Sports Column – Community in 2015 Education
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