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Super Bowl 48 a Success for Vegas, Bookmakers

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Super Bowl 48 a Success for Vegas, Bookmakers

The final tallies are out and Super Bowl 48 turned out to be a big win for Las Vegas sportsbooks and offshore bookies.

Gambling911.com had already discussed how the largest bets had money coming in on the Denver spread and UNDER 47.5, both of which went in favor of the bookies.

The Vegas books absolutely cleaned up on the Seattle Seahawks Super Bowl 48 blowout.

Casinos will post a profit on the biggest annual betting event for the 21st time in 23 years, since the state began officially tracking the Super Bowl as its own entity, according to Cake Keefer of the Las Vegas Sun.

Fans bet a record $119.4 million at Nevada casinos on the Super Bowl and a whole lot more online.  Unaudited tallies showed sportsbooks made an unprecedented profit of $19.7 million on the action, the Gaming Control Board announced Monday.

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The previous record for the amount of bets placed, or the handle, was set last year, when gamblers wagered $98.9 million.

“I’ve never seen so much pedestrian traffic in my life,” South Point's Jimmy Vaccaro said. “Not that there were people wanting to bet a large amount of money, but it was person after person of $200, $500, $1,000 on Denver.”

“The Seahawks covering, winning and holding the Broncos offense under on everything was the best result we could have asked for,” Vaccaro said. “It was the optimum side.”

Not all bets were winners.  The safety, as high as 8-1 odds at some books, paid out significantly for sports bettors.  This option was typically paired with the field goal score.

- Chris Costigan, Gambling911.com Publisher