Nevada sports books lose $2.6M on Super Bowl

Nevada sports books lose $2.6M on Super Bowl

New York Giants players Michael Strahan celebrates during a Super Bowl parade in New York on Tuesday, Feb. 5, 2008. The Giants defeated the New England Patriots, 17-14, in Sunday's National Football League championship game. (AP Photo/Mike Groll)

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Story Published: Feb 5, 2008 at 8:32 PM PDT

Story Updated: Feb 5, 2008 at 8:36 PM PDT

By Associated Press

LAS VEGAS (AP) - Nevada sports books lost a record $2.6 million on Super Bowl bets when the New York Giants upset the New England Patriots on Sunday.

The sports books handled just more than $92 million on the game, the third-highest amount ever but down for the second consecutive year.

The record was set in 2006 when $94.5 million was bet.

The last time the books lost money was in 1995, when the San Francisco 49ers blew out the San Diego Chargers, 49-26, and Nevada books lost $400,000.

Nevada Gaming Control Board analyst Frank Streshley says large amounts were bet on the money line that the Giants would win outright.

The payouts on those bets were as large as four times the original bet because New England was such a huge favorite.

The game ended with the Giants winning 17-14.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

 

 

 

 

 

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