Fans bet record $98.9M in Nevada on Super Bowl
Fans bet record $98.9M in Nevada on Super Bowl
UPDATED: 02/04/2013

By HANNAH DREIER, Associated Press

LAS VEGAS (AP) — Sports fans bet a record $98.9 million at Nevada casinos on the Super Bowl, the Nevada Gaming Control Board said Monday.

Unaudited tallies show 183 sports books made $7.2 million on the football action. The 49ers started out as a five-point favorite but the Ravens won 34-31.

Odds makers say California fans drove the unprecedented handle, flooding Las Vegas and the Lake Tahoe area with wagers on the hometown team, which hadn't been in the Super Bowl since 1995.

"Northern Nevada gets swamped with 49er money," LVH book director Jay Kornegay said.

Bookmakers speculated that the popularity of 49ers QB Colin Kaepernick, who played his college football at Nevada, drove some of the betting among locals.

The previous record was set in 2006, when gamblers wagered $94.5 million on the Super Bowl between the Seahawks and the Steelers.

Book makers said they took a beating this year on proposition bets, including a long-shot on whether there would be a safety. Ravens punter Sam Koch took a safety for the final score with 4 seconds left.

Casinos retained 7.3 percent of the millions wagered, slightly less than the average hold during the past decade, which has fluctuated from lows of negative 2.8 percent to highs of 17 percent.

The 65 points scored in New Orleans easily exceeded the over/under of 49. Gamblers bet the line down one point before the game to give the 49ers a three handicap by kickoff.

Late money poured in for the "over" wager and for the 49ers, who have built a reputation as a second-half team, Kornegay said.

Johnny Avello, director of race and sports at Wynn Las Vegas, said the big plays that characterized Sunday's game and made it fun to watch were gloomy news for casinos, which offer a growing list of proposition bets on everything from whether quarterbacks will throw interceptions to whether teams will score in the final two minutes of the first half.

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