Record Amount of Money Bet On Super Bowl 50 - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Record Amount of Money Bet On Super Bowl 50

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Nevada's sports books are coming off their biggest day ever for the amount of money wagered on the Super Bowl - $132.5 million was bet on the game between the Denver Broncos and Carolina Panthers. The amount crushes the previous record of $119.4 million, set in 2014.

"The game was a great game and the result was very favorable for the sports books," Ben Knutson, Area Manager for William Hill Race & Sports Book said.

The Broncos won the game, 24-10, leaving Nevada's 194 sports books with a 10.1% winning percentage, with profits of $13.3 million. This is the first year that fans could bet on who would be the Super Bowl MVP. The Broncos' Von Miller opened up at 40-1 odds, and won the award. Other prop bets also generated extra money.

"We took $75,000 in handle on the coin flip," Knutson said. "The props give you that extra dimension to get in and actually have something to cheer for and watch the game."

Some fans also were big winners. Andrew Yun is a Reno resident that took his chances on the Broncos. He won $200 on a $40 bet.

"I bet for the Broncos to win the Super Bowl, a month ago, because Peyton (Manning) has been carrying his teams for like 18 years and this is the first time he had a number one defense," Yun said.

Knutson says the record amount of money wagered shows the growing interest for what is already the biggest sporting event for betting.

"Everybody's going to go to Super Bowl parties and it's just just of of those things, that even for somebody who isn't interested in football on a day-to-day, week-by-week basis, for the Super Bowl, they're going to choose a side, come out and have some fun, watch the game."

William Hill has 105 race and sports books in Nevada, along with 20-30 kiosks. Knutson says the popularity of their app is also growing, saying 40-45% of their bets are made online.  Between all of those methods, it was a big day for William Hill.

"We took more, as far as handle yesterday, than we ever have in the history of William Hill U.S." Knutson said.

While the game's outcome was good for sports books, the winning percentage would have been even higher under other scenarios. Knutson says the best possible outcome would have been a one-point win by Carolina, in a low-scoring game. The Panthers were 5.5-point favorites.

"Early in the week, we had about 85% Panthers money to about 15% Bronco money," Knutson said. "The Broncos money did end up coming in, over the weekend. So, I think at game time, we were about 65-35."

The game was also good for the state. Taxes generated from the winnings are nearly $900,000.

Odds are already out for Super Bowl LI. The San Francisco 49ers are 50-1 long shots. The Oakland Raiders have 30-1 odds of winning the big game.

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