The house does not always win.
It didn’t do that in December, when the football players beat Nevada Sports Books out of $ 2.1 million.
It was the first monthly loss that the books suffered during the NFL’s regular season in 12 years. It was also only their 13th losing month during the regular season since 1988, when Nevada Gaming Control Board began to track the action.
The last losing month was in November 2012, when Sports Books returned $ 5.3 million, according to figures released by the control committee.
Betting Public paid on NFL favorites, which won on an independent clip of 78.1 percent (57-16) in December and covered the spread with a clip of 60.3 percent (44-29 ATS).
“Overall, it was a losing PRO football month. We really only had one winning week of the five for our side of the counter, ”said Red Rock Resort Sportsbook director Chuck Esposito.
Michael Lawton, the board’s senior research analyst, said that December’s results were not a surprise to the board based on favorites that won and covers on a high clip, and at Sportsbook Giant Fanduel’s latest update of its financial prospects.
Flutter Entertainment, which owns Fanduel (which does not operate in Nevada), recently said that a period of “very unfavorable American sports results” caused a decrease in the expected 2024 revenue of $ 370 million.
Nevada Sports Books still won $ 15 million in December, thanks to a $ 15 million victory on basketball.
Favorites won 72.1 percent of the NFL games this season (196-76) in total for their highest winning percentage since 2005 (74.9 percent) and the second highest since 1976 (73.3 percent).
“After week 5, the favorites met on a clip of 76 percent. All in all, it contributed to a bit of a year in Pro Football, ”said Esposito. “But we celebrate the players to do a good job. The guests supported the favorites and they did really well on them. “
Favorites covered 54.1 percent of the games (145-123-4 ATS) this season for their highest coverage since 2005 (58.9 percent) and the second highest since 1985 (55.8).
The NFL season started on record fashion for Nevada Sportsbooks in an upset filled September, when they won $ 55.8 million on football-the second highest monthly victory ever ($ 56 million in November 2020) and $ 80.9 million in total, their Biggest monthly month win ever.
Contact reporter Todd Dewey at tdewey@ theplayerlounge.com. Follow @tdewey33 at X.
