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Bettors in football post rare victory against sportsbooks
Football bettors in Nevada had a successful December, beating the sportsbooks out of a net $2.1 million, the first monthly loss during the NFL regular season for bookmakers in 12 years. Favorites won 76.7% of games outright, the highest winning percentage for the month since 2005. Overall, Nevada sportsbooks won a net $15.0 million in December, mostly on basketball bets. Flutter, the parent company of FanDuel, noted “unfavorable US sports results,” specifically on NFL parlays, causing a drop in revenue guidance. Despite the rocky regular season, sportsbooks are still taking bets on the Super Bowl, with an estimated $1.5 billion to be bet on the game.
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