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Vegas Loses on Giants Win?
By Igor Ivanov | February 14, 2008
Super Bowl Sunday wasn’t the $100-million day they were expecting on the Las Vegas strip. Just as well for the bookies, because they would have lost even more money that way.
The Nevada Gaming Control Board reported last week that in-state books (there are 174 of them in Nevada casinos) coughed up nearly $2.6 million when the betting public pounded the New York Giants as 12-point underdogs against the New England Patriots. That would make New York’s 17-14 victory just the second unprofitable Super Bowl for the state since record-keeping began in 1992.
As for projections of $100 million in action, those Patriots supporters never did materialize. Betting for Super Bowl XLII clocked in at $92.1 million, down from $93.1 million last year. At least the books can recoup some of their losses on the Super Bowl futures market, where the Patriots pulled in big cash as 2-1 favorites at the open.
Topics: Super Bowl |
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