The Eagles’ victory over the Chiefs in Super Bowl 59 not only brought joy to Philadelphia fans but also resulted in a record-breaking win for Nevada sportsbooks. The state’s 186 books reported a record profit of $22.1 million from the game, surpassing the previous record set in 2014 when the Seahawks defeated the Broncos. The win percentage for the books was 14.6%, the highest since 2014.
The total amount wagered on the game, or betting handle, was $151.6 million, a significant drop from last year’s record of $185.6 million when the Super Bowl was held in Las Vegas. This year’s handle was the lowest since 2021. The absence of $1 million bets also marked a departure from the previous year when several such wagers were placed.
Chuck Esposito, sportsbook director at Red Rock Resort, noted that the handle was expected to be lower due to the game not being played in Las Vegas this year. Lamarr Mitchell from MGM Resorts highlighted that the outcome of the game, with the Eagles winning outright and the total score going over, was a favorable scenario for the sportsbooks.
BetMGM in Nevada reported taking the four largest bets on the game, all favoring the Chiefs. Despite the public’s tendency to bet on the over, most large bets were placed on the under. Nationwide, BetMGM experienced its biggest single betting event in history with Super Bowl 59, marking it as one of the best single-game results for the company. Bettors profited from bets on the Eagles’ money line and Jalen Hurts winning the Super Bowl MVP, but both defenses performed well, particularly in containing key players Saquon Barkley and Travis Kelce, which contributed to the positive outcome for the sportsbooks.