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Online Sportsbooks Lose Big From Recent NFL Upsets

Jan 18, 2017
bookies losing money

Lucky bets?

A pair of recent NFL upsets courtesy of the Packers and Steelers has reportedly cost many online sportsbooks a large amount of money.
 
 

ESPN: Nevada sportsbook suffered worst losses in 5-year history

 
 
According to ESPN, William Hill, one of Nevada’s largest sports betting operators, suffered the worst losses in their 5-year history. The Saturday before the game the favorites were up 6-0, but on Sunday the Nevada gamblers decided to made gambling news and go with the underdogs.

Bill Sattler, director of specialty games at Caesars Entertainment, commented on the football gambling results by stating “Seemed like a blue-collar betting day with public parlaying, teasing and pounding money lines on Packers and Steelers. We salvaged the under in [the] late game, but another solid week for the public.”

Nevada Sportsbooks won a total of $73.64 on football (NFL and collegiate) in September, October, and November.
 
 

How many NFL games remain in the season?

 
 
There are only four teams left in this NFL season. The 2017 NFL Conference Championships will go down this Sunday, and some NFL betting experts are predicting we may see more crazy gambling results from the game.

The Patriots and Falcons are the NFL betting favorites to win their respective games, but as we saw last week, anything is possible in the NFL. Who will you bet on?

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Categories: sportsbook
 
 

February Gambling Revenues in Nevada Went Up

Mar 31, 2016
Super Bowl betting boosted February gambling revenues in Nevada

SB50 betting boosted February gambling revenues in Nevada (Photo: youtube.com)

It seems that the leap year and Super Bowl wagering caused February gambling revenues in Nevada going up 8.1 percent.

February gambling revenues in Nevada totaled at $990 million, the Nevada Gaming Control Board reports. This sum is 8.1% more than the number from the same month last year. Football betting contributed 10% more. Partially because the NFL final was considerably later than in 2015, so the bettors and experts of gambling facts had a full week in February to place wagers.

 

Super Bowl date boosted February gambling revenues in Nevada

 

According to experts of gambling facts, the Super Bowl had a knock-on effect on other February gambling revenues in Nevada. Though football betting contributes only 1% for Nevada gambling revenues, and sports betting overall does 2%, the NFL final was an important actor in gambling in February.

Super Bowl wagering reached new heights in Vegas. Nevada sportsbooks registered a betting record for Peyton Manning’s final game in Santa Clara. $132.5 million was wagered on the big game. The final ended a 24-10 victory for the Denver Broncos against the Carolina Panthers. It wasn’t only an upset, but the low score also surprised many bettors and followers of sports scores news. So, it was a great day for sportsbooks.

February gambling revenues in Nevada regarding table games and slots also improved, by 8.3% and 7.8% respectively. And February brought positive gambling news for operators all around the state. The Las Vegas Strip registered a 7.3% growth to $570 million, while the downtown’s income raised by 17% to $51 million. Reno casinos reported a 6.9% improvement to $48 million with South Lake Tahoe February gambling revenues in Nevada also going up by 3.8% to $16 million.

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