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Nevada Super Bowl Handle Falls to 10-Year Low as Prediction Markets Surge

State books kept about $9.9 million for a 7.4% hold despite a quieter weekend with heavy public interest in Seattle on the spread.

Overview

  • Nevada reported $133.8 million wagered on Super Bowl LX, the state’s smallest Super Bowl handle since 2016 and down from $151.6 million last year.
  • Prediction platforms such as Kalshi saw massive activity with reports of more than $1 billion traded across game and entertainment markets, which analysts said helped divert action from traditional sportsbooks.
  • The Seahawks’ 29-13 win covered the 4.5-point spread and the game stayed under the total, outcomes that boosted many books, while Kenneth Walker III’s MVP result was generally favorable to operators.
  • High-stakes bets shaped liabilities, including two separate $1 million Patriots moneyline wagers at Circa, a losing $2 million AFC futures bet by Jim “Mattress Mack” McIngvale, and a $253,000 cash win on the coin toss landing heads at Caesars.
  • Prop markets produced mixed results as bettors hit on a defensive touchdown and opening kickoff touchback, while books benefited from no safety, no overtime, and several player yardage unders.