New Yorkers are as sharp as they arrive in terms of hitting the books.
BetMGM Sportsbook misplaced appreciable cash on the 2024 Tremendous Bowl, taking $10.8 million in whole bets and shedding a web of $4.8 million, the New York Gaming Fee launched in a press release on Thursday.
The weird outcomes for BetMGM are important because the “King of Sportsbooks” misplaced by far probably the most of any sportsbook within the Empire State, with a 44.31 p.c win fee, greater than double the subsequent highest sportsbook (Caesars, 8.3 p.c).
New York bettors didn’t come out on high total, although, because the sportsbooks nonetheless got here away with web $12.5 million in revenue, half of which fits to the state. The state collected almost $6.4 million in taxes on sports activities betting this previous yr.
The quite staggering success from bettors on BetMGM can largely be attributed to the sport going to additional time (+800) and the general public darling Chiefs successful outright.
“We’ve taken a number of six-figure bets on the 49ers however there continues to be lopsided motion on the Chiefs to win and canopy the unfold within the Tremendous Bowl,” Tristan Davis, a BetMGM Senior Dealer stated previous to the Massive Recreation. “The 49ers successful could be a very good end result for the sportsbook.”
The sport to go to additional time was +900 on BetMGM, which had a deal with of 95 p.c of the cash. That legal responsibility added up amongst New York bettors who pounced on this prop.
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“Not sufficient discuss BetMGM’s NY Tremendous Bowl numbers,” X person @capjack2000 stated in a submit. “It’s actually HARD to lose that a lot cash providing that many alternative guess varieties on such a giant occasion. Shedding $4.8m on $10.8m of betting.”
Possibly New Yorkers are making their dent within the betting world in spite of everything. Though, it’ll be powerful to interrupt DraftKings, who profited $8,826,191 on over $52 million in bets.