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Super Bowl 2015: Patriots Beat Point Spread, Over/Under But Las Vegas Loses
Las Vegas sports books made just $3.3 million off 2015’s Super Bowl between the New England Patriots and Seattle Seahawks, according Nevada Gaming Commission data. For Vegas, where “the house always wins,” that is considered a loss.
“This was our one losing scenario,” Nick Bogdanovich, William Hill sports books’ director of trading told the
Las Vegas Sun. “We had a big start with the futures, so it’s going to be close but the game couldn’t have been worse.”
Las Vegas wagers totaled $115.9 million, and the books took home just 2.8 percent of that total. In 2014, the books won a record $19.7 million on $119.4 million in wagers. The year-to-year Super Bowl profits dropped 83 percent. 2015’s win was the smallest Super Bowl payday for Las Vegas since 2011. That year the books took home just $724,176, or 0.8 percent of bets, on the Green Bay Packers' win over the New Orleans Saints.
Patriot
Malcolm Butler’s game-changing interception unpleasantly shocked Seattle, as well as Las Vegas. The Patriots were slight favorites, which meant the sports books would make significantly more money on a Seattle win. The worst possible combination for casinos was a New England win and the score covering the over for points at 47.5, according to the Sun. Butler’s interception assured the worst possible scenario.
It was no serendipitous Super Bowl for Vegas sports books
LAS VEGAS (AP) - Las Vegas sports book directors say the Super Bowl didn't quite swing their way.
In fact, the New England Patriots' 28-24 win over the Seattle Seahawks represented the worst-case scenario for their betting business, said the directors of sports books at the Wynn and Westgate Las Vegas on Monday.
Las Vegas Bookies Bemoan Super Bowl Score That Never Was
(Bloomberg) -- Pete Carroll’s late-game Super Bowl coaching blunder left Las Vegas bookmakers pulling out their hair instead of raking in the cash.
Several Nevada bookmakers said they missed out on a big payday because millions of dollars were lost to gamblers in the last minute of the game. They had to settle for making a much smaller profit on the New England Patriots’ 28-24 win against the Seattle Seahawks -- thanks to an abundance of proposition bets.