..

$90 Million Likely Bet on 2011 Super Bowl in Nevada Says Caesars Sportsbook Chief

Written by:
Aaron Goldstein
Published on:
Jan/21/2011
Bet on 2011 Super Bowl

Caesars Palace sportsbook Director Howard Greenbaum told CNBC on Friday that he anticipates $90 million to be wagered on the 2011 Super Bowl in Nevada alone.  That figure does not include the amount which will be bet at online sports betting sites. 

An increase from last year’s $82.7 million was anticipated.  In 2009, $81.5 million had been wagered on the big game.

“The peak amount bet on a Super Bowl was in 2006,” Greenbaum noted.

Numbers have declined a bit in recent years due to the economic crisis.  Online gambling operators have told Gambling911.com that, while individuals continue to place bets, the total wager amounts are way down.

Nevada, while reeling from some of the highest unemployment and foreclosure rates in the country, has managed to stay afloat mostly as a result of its prosperous gambling industry.

The 2010 Super Bowl earned nearly $6.9 million for the Nevada sports books in profits. 

- Aaron Goldstein, Gambling911.com

Gambling News

Hot Betting Trends, Alerts - January 25

Hot Betting Trends, Alerts - January 25

Gambling911.com has your hot betting trends for Monday, January 25, 2021 (in no particular order but updated throughout the day so check back regularly).

North Carolina, Catawba Tribe, Ink Deal That Will Bring Vegas-Style Gambling

North Carolina, Catawba Tribe, Ink Deal That Will Bring Vegas-Style Gambling

North Carolina’s governor has signed a revenue-sharing agreement with the Catawba Indian Nation that clears the way for Las Vegas-style gaming to be offered at a planned resort in Kings Mountain, officials said.

FanDuel Group Brings FanDuel Sportsbook & Casino to Michigan

FanDuel Group Brings FanDuel Sportsbook & Casino to Michigan

FanDuel Group, in collaboration with MotorCity Casino, officiallylaunched a fully integrated, real money online gaming experience for residents and visitors to the state of Michigan Friday January 22, 2021.

Can't Bet the Cavs From Virginia

Can't Bet the Cavs From Virginia

Sports betting officially launched in the commonwealth of Virginia Thursday, courtesy of FanDuel.  You just can't bet your beloved Cavaliers there.  A number of offshore sportsbooks the likes of BetUS are still accessible from Virginia and do take bets on the Cavs, so no worries there.

Bill to Expand Sports Gambling Introduced in Washington State Legislature

Bill to Expand Sports Gambling Introduced in Washington State Legislature

A bill to expand sports gambling in Washington state beyond Indian casinos and into privately-owned card rooms has been introduced in the state Legislature for the second consecutive year.

Syndicate