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$119.4 million bet On SuperBowl In Nevada
Tuesday February 4,2014 : SUPERBOWL BETTING GENERATES $119 MILLION IN NEVADA WAGERS
The reason Nevada wants to keep dominating sports betting in the United States.
Sports fans bet a record $119.4 million at Nevada casinos and books on the NFL Super Bowl, with unaudited Gaming Control Board tallies indicating that sportsbooks made an unprecedented profit of $19.7 million on the action, reports the Associated Press news agency.
The Denver Broncos started out as a 2.5-point favourite, but the Seattle Seahawks won 43-8.
Oddsmakers said Nevada was flooded with wagers on the favored team and its veteran quarterback Peyton Manning, who was named the NFL's Most Valuable Player for the 2013 season the day before the game.
The previous record for the handle, set last year, was $98.9 million.The last record for casino hold, or profit, was set in 2005, when sportsbooks won $15.4 million, AP notes.
Nevada land casinos retained an average of 16.5 percent of the millions legally wagered, far more than the average hold during the past decade.
Nevada sportsbooks have lost only twice on the Super Bowl in the past 20 years, most recently in 2008, when the New York Giants beat the New England Patriots, costing casinos a record $2.6 million The handle, or wagers placed, has increased annually for nine out of the last ten years.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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