Las Vegas Casinos Have a Huge Win: Caesars and MGM Cash In
$6,000 Welcome Bonus
The Super Bowl marked Las Vegas's official return to normal. It was the first major event held in the city since Nevada dropped its indoor mask mandate. A record 31.4 million American adults planned to bet on Superbowl LVI, a 35% increase from 2021. Bettors expected to wager $7.61 billion on this year’s championship game, up $3.33 billion from last year.
The Los Angeles Rams won the Super Bowl, but they didn't cover the spread. The total points scored came in at 43, still well under the 48.5 predicted by the sportsbooks. Caesars and MGM Cash In. The ideal scenario for sportsbook in the Superbowl is for the favorite to win but not cover and for it to go under the total.
Caesars and MGM won millions on the Super Bowl. The casinos did lose millions of dollars on prop bets. March Madness is the biggest betting event for Las Vegas casinos. The NCAA tournament was canceled in 2020 and returned on a muted basis last year. This weekend in February could be the return of business travel and conventions. It's the unofficial day where the pandemic ended. Superbowl LVI may be a signal that business and convention travel will return.
