Nevada sportsbooks handled $133.8 million in wagers on Super Bowl LX, marking the smallest betting total for the game in a decade, according to figures released by the Nevada Gaming Control Board and cited by Las Vegas Review-Journal. The Seattle Seahawks’ 29-13 victory over the New England Patriots generated an 11.7 percent decline from the previous year and represented the lowest handle since $132.5 million was wagered on Super Bowl 50 in 2016.

The state’s 186 sportsbooks posted a combined win of nearly $9.9 million, reflecting a 7.4 percent hold. Although profits fell sharply from last year’s record-setting performance, the win percentage ranked as the second highest since 2022 and among the stronger holds of the past five years.

Betting Volume Slips After Record Years

The latest total stands in contrast to recent highs. In 2024, when Las Vegas hosted the Super Bowl for the first time, sportsbooks recorded a state record $190 million in wagers on the Chiefs-49ers matchup. That figure exceeded this year’s handle by nearly 30 percent. Last season’s Chiefs-Eagles championship generated $151.6 million in bets and produced a record $22.1 million win for operators on a 14.6 percent hold, the strongest since 2014.

By comparison, revenue from Super Bowl LX declined 55 percent year over year. Even so, Nevada books maintained a positive outcome on the game. Gaming analyst and investor Chris Grove wrote on X, “How did sportsbooks do on the Super Bowl? Channel checks suggest the outcomes were overwhelmingly positive for the major sportsbooks, with double-digit hold supported by a low-scoring game and most popular parlays failing to hit.”

The contest itself may have influenced wagering patterns. Seattle built a 9-0 halftime advantage and carried a 12-0 lead into the fourth quarter. No touchdowns occurred until the final period, and the game finished under the total of 45½. Analysts noted that the defensive tone of the matchup and limited in-game drama likely reduced live betting and certain prop wagers.

Red Rock Resort sportsbook director Chuck Esposito pointed to broader context surrounding the season and the teams involved. “In 2024, Vegas hosted the Super Bowl and saw a record write. In 2025, Chiefs-Eagles featured two very public teams. That game also followed a season where the public had their best season in recent memory,” he said. “Pats-Seahawks followed a season where the guests did not have a good season and was poor in comparison for NFL bettors. It definitely helps shape the overall handle on the game. This year’s game also featured two defensive-minded teams, and we saw more ‘under’ action on the Super Bowl props, which in turn impacted a lower prop handle as well.”

Westgate vice president of race and sports John Murray also cited the absence of established star quarterbacks. “One of the factors was probably a lack of star power,” Murray said. “I know Drake Maye has a chance to be a great player, but he’s still at the beginning of his career. Even the one year the Super Bowl didn’t have Tom Brady or Patrick Mahomes, it was still Matthew Stafford versus Joe Burrow. The main reason is sports betting all over the country now.”

Since a 2018 U.S. Supreme Court decision allowed states to legalize sports wagering, 40 states and Washington, D.C., have approved regulated betting markets. Nevada once held a monopoly on legal sports wagering; today, it competes with operators nationwide.

Prediction Markets Draw Attention

Some observers questioned whether federally regulated prediction markets diverted action away from Nevada books. These exchanges allow users to trade “yes” and “no” contracts on sports outcomes and have operated for more than a year under oversight from a federal commodities regulator.

Kalshi generated $871 million in nationwide Super Bowl trading volume, including contracts tied to television commercials and the halftime show featuring Bad Bunny. Kalshi co-founder Luana Lopes Lara acknowledged heavy demand during the game. On X, she posted that some deposits were delayed “because of the amount of traffic” and the larger number of deposits. “Your money is safe and on the way, it will just take longer to land,” she wrote. The following day, Lara added, “The traffic spike was way bigger than our most optimistic forecasts, so a portion of deposits got delayed.” She said the company reimbursed processing fees and issued credits to affected customers.

Nevada regulators have challenged several prediction market operators. Although a federal judge ordered Kalshi to halt sports contracts in Nevada in November, the ruling is under appeal and the platform remained accessible to Nevada users on Super Bowl Sunday.

High-Value Bets and Historical Context

Sportsbooks reported several substantial wagers tied to the game. Nationwide, seven bets of $1 million or more were placed, including two at Circa Sports in Las Vegas. Circa accepted a $1.1 million wager on the Patriots money line (+188) intended to hedge Seahawks futures bets, resulting in net winnings of $8.1 million across Circa and BetMGM. The book also took another $1 million Patriots money line bet (+200) shortly before kickoff. BetMGM reported a $725,000 hedge bet on New England (+195), while another bettor placed $788,000 on the Patriots +4½.

Caesars Sportsbook Head of Football Joey Feazel stated that moneyline wagers leaned heavily toward Seattle. He said individual bets were “far more than we typically expect on the favorite for a Super Bowl.”

Despite this year’s reduced handle, Nevada sportsbooks have rarely posted losses on the NFL championship. Since the Gaming Control Board began tracking results in 1991, operators have lost money on only two Super Bowls: a roughly $400,000 setback in 1995 when the 49ers defeated the Chargers 49-26, and a $2.6 million loss in 2008 when the Giants upset the Patriots as 12-point underdogs.