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ATLANTIC CITY, N.J. (AP) — With this year's Super Bowl being played in Las Vegas, the nation's gambling capital, there was little doubt that betting on the big game would be huge. The 2023 Super Bowl between the Chiefs and the Philadelphia Eagles brought in $153.1 million worth of bets. In Pennsylvania, $71.5 million was wagered on the Super Bowl, down 15% from last year's Super Bowl, in which the Philadelphia Eagles lost to the Chiefs. Other states with big sports betting markets, including New York and Illinois, had yet to report betting levels for this year's Super Bowl as of Wednesday evening. Maine, which offered Super Bowl gambling for the first time, saw about $3.5 million wagered online, according to an estimate from the state's Gambling Control Unit.

Persons: sportsbooks, “ We’re, Chris Bevilacqua, ” BetMGM, Wayne Parry Organizations: CITY, Kansas City Chiefs, San Francisco 49ers, Nevada Gaming Control Board, Los Angeles Rams, Cincinnati Bengals, Chiefs, Philadelphia Eagles, Atlantic City, Super, of Gaming Enforcement, NFL Locations: N.J, Las Vegas, New Jersey, Pennsylvania, New York, Illinois, Maine, bettors, www.twitter.com

☆ From Sin City to Sports Central: How Las Vegas is betting big on a lucrative industry
▼ + stars: | 2023-11-19 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

But for many decades, the NFL and other leagues opposed having sport franchises in Las Vegas, most likely due to the city’s deeply rooted gambling industry. “Vegas fans tend to be sports fans, too, and sports have helped us expand the customer base that are willing to consider Las Vegas,” Hill said. And during the past two years, Las Vegas and other tourist-centric cities have benefitted from consumers’ post-pandemic splurges on experiences and travel versus goods. The Las Vegas Strip can be seen outside the lanai doors at Allegiant Stadium during a game on October 15, 2023, in Las Vegas, Nevada. Ethan Miller/Getty Images/FILEAs the pandemic wore on, construction continued on expanding the Las Vegas Convention Center as well as the Raiders’ Allegiant Stadium, among other projects.

Persons: ”, Andrew Woods, ” Woods, Woods, Roger Goodell —, ” Goodell, John Fisher, Steve Hill, ” Hill, Ethan Miller Organizations: Minneapolis CNN, Athletics, NCAA, NFL Pro Bowls, NBA, MLS, Center for Business, Economic Research, University of Nevada, Sunday’s, Las Vegas, Prix, UNLV’s Lee Business School, NFL, National Hockey League, Oakland Raiders, Major League Baseball, Oakland Athletics, Las Vegas Convention, Visitors Authority, UNLV, “ Entertainment Capital, Sports, Entertainment Capital, Las, Nevada Gaming Control, Getty, Las Vegas Convention Center, Raiders Locations: Minneapolis, Las Vegas, Vegas, Bellagio, Clark County , Nevada, Covid, United States, Las Vegas , Nevada

☆ An indicator of Americans' willingness to gamble could suggest continued resilience in the US economy
▼ + stars: | 2023-08-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Famed short-seller Jim Chanos has said casino revenue is a "pretty good" leading indicator of the US economy. Famed short-seller Jim Chanos said earlier this year that casino revenue can be viewed as a reliable data point. AdvertisementAdvertisementLas Vegas casino revenue grew just 2% in 2007 after a three-year period of double-digit growth, then fell about 10% in both 2008 and 2009. Meanwhile, Las Vegas casino revenue grew just 7% in 2000 after a solid three-year stretch of growth. As long as Las Vegas casino revenue continues to hit new records and grow, an economic recession may be nowhere in sight.

Persons: Jim Chanos, wasn't, Michael Lawton, Harry Reid, they're, Chanos Organizations: Nevada Gaming Control Board, Gaming Control, Harry Reid International Airport, Vegas, Las Locations: Nevada, Las Vegas, Vegas

☆ Gamblers are paying more money and winning less in Las Vegas casinos – here's why
▼ + stars: | 2023-05-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Casinos on the Las Vegas Strip are making changes to attract "higher value customers," WSJ reports. Blackjack players on the Strip are paying more to gamble and winning less. In 2022, blackjack players lost $1 billion at the tables on the Strip, according to Nevada state data. Casino execs say it's all a part of a plan to attract "higher value customers." "You're bringing in higher value customers, and we're already full," Tom Reeg, Caesars Entertainment CEO, told Wall Street analysts.

Sandra Douglass Morgan has seen a lot of changes in the five years since she was named to the Nevada Gaming Commission. The same year she became a gaming regulator, the Supreme Court cleared the path for legalized sports betting. During that time, Douglass Morgan went from gaming regulator to chair of the Nevada Gaming Control Board to the corporate board of directors for casino giant Caesars Entertainment . I'm incredibly blessed that I've been given these opportunities, you know, based on my skill set and my experience," Douglass Morgan told CNBC. Douglass Morgan said.

☆ Meet 6 trailblazers in the NFL, Coast Guard and more: 'Success isn't being the first,' it's having 'many others follow'
▼ + stars: | 2023-03-08 | by ( Morgan Smith Gili Malinsky Ashton Jackson Jennifer Liu | Morgan Smith | Gili Malinsky | ) www.cnbc.com time to read: +9 min

"There was something about the Coast Guard, the missions, seeing the small boats that just spoke to me," she says. Fagan ended up attending the U.S. Coast Guard Academy and her first tour of duty in 1985 took her to Antarctica. From there, the Coast Guard would offer a new assignment every couple of years. Of all 32 teams in the NFL, less than 10 have a Black or female president. "To me, the definition of success isn't being the first — it's to have many, many others follow behind you."

☆ Meet Sandra Douglass Morgan, the only Black female president in the NFL: ‘This job is much bigger than me’
▼ + stars: | 2023-02-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Growing up in Las Vegas, Sandra Douglass Morgan never dreamed about making history — she just wanted to make herself, and her parents, proud. But Douglass Morgan didn't need to eavesdrop to understand that she and her family would be treated unfairly because of the color of their skin. Douglass Morgan, now 44, made a promise to herself: No matter what she did, she would champion equity and respect. Months later — and after the abrupt departure of two presidents — Davis approached Douglass Morgan about the job. Douglass Morgan sought the counsel of friends and family, including her husband, Don Morgan, who played four years in the NFL with the Minnesota Vikings and Arizona Cardinals.

☆ Super Bowl betting in Nevada drops nearly 15% from record set in 2022
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

Feb 14 (Reuters) - The value of bets placed in Nevada sportsbooks on this year's Super Bowl between the Kansas City Chiefs and Philadelphia Eagles was 14.8% below the record set last year, according to unaudited figures provided by the Nevada Gaming Control Board. Nevada sportsbooks kept a combined $11.3 million from Super Bowl bets for a hold percentage of 7.4% compared with last year when they kept $15.4 million for a hold percentage of 8.6%. The twice Super Bowl winner also ran for 44 yards, including a 26-yard scramble that helped set up the game-winning field goal. Next year's Super Bowl will be held at the home of the Las Vegas Raiders and many experts are expecting betting around that game to reach new heights. "The Nevada Gaming Control Board looks forward to Allegiant Stadium hosting Super Bowl LVIII in Las Vegas next year," Nevada Gaming Control Board Chairman Kirk Hendrick said in a news release.

The largest property owner on the Las Vegas Strip is doubling down and taking full ownership of the MGM Grand Las Vegas and Mandalay Bay, which the deal values at $5.5 billion. VICI currently owns a 50.1% stake in the property, which it acquired when it bought MGM Growth properties in May. Strip casinos are seeing a 20% surge in revenue through October to $6.8 billion in gaming revenue from a year ago. "It's further evidence that Las Vegas remains amongst the most in-demand destinations in the world," said Rosemary Vassiliadis, Clark County's director of aviation. And hotel revenue in Las Vegas was up 51% in October compared with October 2019, before the pandemic, according to the Las Vegas Convention and Visitors Authority.

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