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NEVADA SPORTS BOOKS LOST $8.25M ON FOOTBALL IN JANUARY
Views: 600
Posted by Drew Martin
Replies: 0

The house doesnt always win on football.

Nevada sports books lost $8.25 million on football bets in January, according to a monthly revenue report released recently by the states gaming control board.

The $8.25 million loss, which includes wagers on the NFL and college football, was the largest in-season loss suffered by Nevada sports books since October 2012, when bettors won $6.2 million on the sport. January was the second-worst in-season month on football ever tracked by the state, behind November 2005, when the books lost $11.3 million.

The betting public buried the books in the college football national championship game, pounding underdog Clemson on the money line, which closed at plus-180, in the Tigers 35-31 comeback win over Alabama. William Hill, which operates 108 of the states 196 sports books, lost more than $1 million in its worst single-game loss ever. The Westgate, Wynn and MGM Resorts each reported six-figure losses on the game.

http://www.reviewjournal.com/sports/betting/nevada-sports-bo oks-lost-825m-football-january

The public also won big in the NFL playoffs, going 9-1 against the spread and 7-3 over the total.

 
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