Legal betting on the Super Bowl reached a new high with over $185 million in bets placed in Las Vegas.
Despite the large total, Vegas sportsbooks only won $6.8 million, about 3.7% of the total.
Circa Sportsbook Director of Operations Jeffrey Benson, said, “Chiefs and OT were very disappointing.”
“However, as always, the lights will come on in the morning. Nobody, including my own mother, feels bad when the house loses,” he continued.
This marked one of the few times Vegas gambling establishments did not end up as the big winner.
The Chiefs’ comeback and the game going into overtime resulted in significant losses for the sportsbooks.
John Murray, executive director of The SuperBook, said, “Tough day for us with the Chiefs’ comeback.”
“The game going into OT was costly in a lot of ways, and, of course, we wanted the 49ers to win,” he explained.
Overall, the game broke betting records, with sportsbooks reporting a massive $23.1 billion in bets across the country.
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