Economic Downturn Impacts Super Bowl Betting In Vegas – 02-09-09

February 9 – Vegas sportsbooks have published Super Bowl betting results. A total of $81.5 million was wagered at Nevada licensed sportsbooks on Super Bowl XLIII, an huge 11.5 percent decrease from the 2008 handle. This is the lowest result since 2004.

The 176 sports books licensed in Nevada report a combined win of $6.7 which is an 8.2 win percentage. At least this is an improvement over the $2.5 million loss from last year.

The Steelers failed to cover the spread.

Coupled with declining casino revenues in Vegas, this makes pretty dismal reading for the casino groups.

As far as online sportsbooks are concerned there are no official figures, but a informal discussions with some of the large online sportsbooks reveal a similar trend.

Historical Super Bowl Betting results in Vegas:

Year Wagers Win/(Loss) Win % Score 2009 $81,514,748 6,678,044 8.2 Steelers 27, Cardinals 23 2008 $92,055,833 $(2,573,103) (2.8) Giants 17, Patriots 14 2007 $93,067,358 $12,930,175 13.9 Colts 29, Bears 17 2006 $94,534,372 $8,828,431 9.3 Steelers 21, Seahawks 10 2005 $90,759,236 $15,430,138 17.0 Patriots 24, Eagles 21 2004 $81,242,191 $12,440,698 15.3 Patriots 32, Panthers 29