Since the New York Giants upset the Patriots in the Super Bowl, a record $2.6 million was lost by the Nevada sports books. Several smaller sized bets were placed on the Giants to win, making the total wagered to the Giants around 60 percent. This in fact caused the Patriots to only be favored by 12 points instead of the original 14 points.
Most of the people who bet chose Giants to win outright on the money line, which in turned cause the payouts to be up to $475 for every $100 wagered.
The overall total amount that was wagered at Nevada’s 174 sports books was $92.1 million, the third highest amount ever wagered. The last time the casinos had lost money on the Super Bowl was in 1995, when the San Francisco 49ers defeated the San Diego Chargers 49-26. In that Super Bowl, only $400,000 was lost.
