Record $185.6 Million Bet on This Year's Super Bowl at Nevada Sportsbooks

The Nevada Gaming Control Board revealed that a record-breaking amount of money was wagered in Nevada on this year's Super Bowl.

Across all of the Silver State's 182 sportsbooks $185.6 million was wagered. That is more than $30 million more than was bet in 2023 according to a press release from the Gaming Control Board.

Unaudited figures show a sportsbook win of $6,802,264 according to NGCB Senior Economic Analyst Michael Lawton.

That represents a hold percentage of 3.7%.

Meanwhile, online betting on the Super Bowl surged this year, with many gamblers waiting until right before the kickoff to place their wagers, according to a company that tracks the location of internet gamblers.

Data released Monday from GeoComply shows that the number of verification checks it carried out over the weekend increased by more than 22% from last year.

It processed just over 122 million checks this year in 28 of the 29 states that offer online sports betting, excluding Florida.

The data records the number of times the company was called on to verify a customer’s location. It is considered a good indicator for at least a minimum level of sports betting activity, more than 80% of which is done online in the U.S.

“The continued transition to the legal market set the stage for a historic first Super Bowl in Las Vegas, and the record-breaking results we saw did not disappoint," said Anna Sainsbury, CEO and co-founder of Vancouver, Canada-based GeoComply.

The Kansas City Chiefs defeated the San Francisco 49ers 25-22 Sunday night for their second consecutive NFL title.

During the two weeks leading up to the big game, the company saw more than 1.77 million new users sign up for legal online betting accounts.

Since the start of the 2023-2024 NFL season, customers have added more than 13.7 million new accounts, a 28% increase from last season.

And as usual, many people waited until the last moment to place bets. The company said that minutes before kick-off, it saw a massive spike in traffic totaling nearly 15,000 transactions per second. This was the highest level ever recorded on GeoComply’s systems, nearly doubling last year's peak.

The game going into to overtime for only the second time hit many sports books hard, having offered steep odds that it wouldn't happen. And many bets were on the Chiefs to win, even though the 49ers entered the game as slight favorites.

FanDuel, the official odds provider for The Associated Press, said it took 14 million bets totaling $307 million, both of which set records. Those bets came from 2.5 million FanDuel customers.

DraftKings would not release figures Monday about its performance during the Super Bowl.

Several sportsbooks also issued odds for next year's Super Bowl winner, with the 49ers slightly ahead of the Chiefs.