News From The Sports Scene

Sports betting is big money

Sports betting is big money

According to the Nevada Gaming Comission, in 2011 $3.2 billion was wagered in sports bets in the state's casinos. Out of that figure, 41 percent or $1.34 billion, was wagered on football alone.

On the Super Bowl XLVII a record breaking amount of $98.9 million was bet on Nevada's casinos and according to the Nevada Gaming Association, Nevada sportsbook made $7.2 million after paying out to bettors in 2013.

Every year, more than $8 billion is wagered on the Super Bowl only, representing over 200 million people wagering on the event.

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