Bookmakers Record $185M Wagered in Nevada for Super Bowl LVIII
LISTEN TO THIS ARTICLE:Nevada sportsbooks have reported receiving a record-breaking $186 million in wagers on the Super Bowl LVIII. The figure sets an all-time high record for the highest wagers received for a Super Bowl or any other sporting event in the jurisdiction. It is nearly $6 million higher than the record $179.8 million wagered on Super Bowl LVI in 2022.
However, even with this impressive handle, sportsbooks' average hold was only 3.7%, resulting in a collective win of $6.8% across the 182 sportsbooks in Nevada. While this figure marked the fourth-lowest total win since 2015, it was $2.4 million higher than the $4.4 million they earned last year.
The hold rate suggested that fans placed the majority of their bets on the Kansas City Chiefs, who defeated the San Francisco 49ers 25-22 in the overtime period's final three seconds.
The Nevada Gaming Control Board congratulates and thanks all the stakeholders involved for successfully delivering such a spectacular event from the state of Nevada.
Increase in Super Bowl Mobile Betting Activity
The online betting industry was not left out of the wagering largesse of the Super Bowl. According to data from GWS Magnify, 4.5 million users were active on the day of the Super Bowl LVIII, which is an increase of 104% compared to the NFL regular season.
Additionally, Americans collectively spent 230 million minutes on online sportsbooks during Super Bowl Sunday, averaging 52 minutes per person. The figure surged 144% compared to the regular season average.
The last year has been a record-breaking one for American sports betting, with engagement continuing to surge. The Super Bowl is not just the pinnacle of the football season but is also consistently the biggest day of the year for mobile wagering. For many, watching football now goes hand in hand with mobile betting and the major betting platforms have quickly capitalized.
Related: Drake Wins A Cool Million on Kansas Chiefs Super Bowl Bet
DraftKings and FanDuel Super Bowl Numbers
Online sportsbook apps experienced a notable increase in the use of their platforms during Super Bowl weekend, with the two largest sportsbook operators in the United States, DraftKings and FanDuel, getting the highest engagement.
DraftKings was the most used app for Super Bowl LVIII, making up 41% of app usage on the day. Together with FanDuel, they comprised 75% of all engagement. FanDuel has also reported accepting over 14 million bets on Sunday's Super Bowl, with the total value exceeding $300 million.
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