Nevada sportsbooks say their existing controls are sufficient and oppose broad new limits on betting markets in the state. Circa Sports and Westgate SuperBook executives said bookmakers set bet limits and monitor activity, while Nevada regulators have not asked operators to change their offerings.
Any new restrictions could alter the betting markets available to Nevada operators and their customers.
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Nevada’s Gaming Control Board reported that 186 sportsbooks handled $133.8 million in Super Bowl wagers, down from $151.6 million a year earlier and the lowest total in 10 years. Unaudited figures showed sportsbooks won $9.8 million, a 7.4% hold. Sportsbook executives cited prediction markets among several possible factors; Nevada regulators separately sought to stop Coinbase’s prediction-market products, and a federal judge issued a temporary 14-day restraining order.
Nevada sportsbooks reportedly generated $42.6 million in revenue in April, a 38% increase. Total gambling revenue fell slightly, according to the report.
Nevada’s 186 sportsbooks reported a $22.1 million profit on Super Bowl LIX, with a 14.6% hold, the highest since 2014. DraftKings recorded a daily wagering record of $436 million, while FanDuel reported more than 16.6 million bets and DraftKings more than 12 million, according to the report.
Nevada sportsbooks reportedly won $22.1 million on $151.6 million wagered on the Super Bowl, according to figures released by the Nevada Gaming Control Board. The reported 14.6% hold compared with a $11.1 million win and 5.9% hold the previous year.
Nevada’s Gaming Control Board gave Boomer’s and Caesars tentative approval to open additional sportsbooks in the state, according to the report. The Nevada Gaming Commission was due to make the final decision later that month; proposed locations included three for Boomer’s and one for William Hill.