Top 5 Events For Las Vegas Sportsbooks

Las Vegas is home to some of the world's most famous and lucrative sportsbooks, where millions of dollars are wagered each year on a wide variety of sporting events. In this article, we will explore the top 5 annual sporting events that brings the most action to Las Vegas sportsbooks.

5. The NBA Finals

The NBA Finals is the final 7 game series of the NBA season to crown the yearly champion, and it always draws large crowds to Las Vegas sportsbooks. Many people place bets on the games, with some betting on the outcome of the series as a whole and others betting on individual games. In 2019, the Nevada Gaming Control Board reported that the total amount of money wagered on the series was $34.8 million, with the sportsbooks making a profit of $3.5 million.

4. The World Series

Like the NBA Finals, the final 7 game series of the MLB season brings in massive amounts of money to Las Vegas casinos. In 2019, the Nevada Gaming Control Board reported that the total amount of money wagered on the series was $89.4 million, with the sportsbooks making a profit of $11.2 million. Also similar to the NBA Finals, bettors on the World Series place a variety of bets from in-game single-play live bets to the final series outcome.

3. Kentucky Derby

As one of the most famous horse races in the world, the Kentucky Derby attracts a plethora of professional and casual gamblers to Las Vegas sportsbooks. Win (1st), Place (1st or 2nd), and Show (1st, 2nd, or 3rd) bets are the simplest and most popular bets placed during the Kentucky Derby, but more exotic bets, including trifectas and superfectas, bring in millions of dollars on their own. In 2019, the Nevada Gaming Control Board reported that the total amount of money wagered on the race was $149.9 million, with the sportsbooks making a profit of $9.8 million.

2. March Madness

Taking place over a three-week period in March and April, March Madness gives Las Vegas bettors a chance to place a wager on a staggering number of games and props. . In 2019, the Nevada Gaming Control Board reported that the total amount of money wagered on the tournament was $495.5 million, with the sportsbooks making a profit of $36.5 million.

1. Super Bowl

The Super Bowl is the biggest single-day event of the year for Las Vegas sportsbooks, with millions of dollars in bets placed on the game each year. The game draws in both casual and professional bettors, with many people making prop bets and others betting on the final outcome of the game. In 2020, the Nevada Gaming Control Board reported that the total amount of money wagered on the Super Bowl was $154.7 million, with the sportsbooks making a profit of $18.8 million. While the total amount wagered on the Super Bowl is less than the total amount wagered on March Madness, the fact that the Super Bowl happens in one just one night makes it the most lucrative event for Las Vegas sportsbooks year after year.

While sports betting can be a fun and exciting way to engage with sports, it's important to remember that it can also be a risky endeavor. Players should always gamble responsibly and within their means, and should never bet more than they can afford to lose. Las Vegas sportsbooks offer a wide variety of bets and opportunities to win, but it's important to remember that the odds are always in the house's favor, and most players will come out ahead in the long run by playing with caution and setting limits.