Bookies Suffer Biggest SuperBowl Loss
By Staff
In America, the Super Bowl failed to break new records in terms of overall bets as the New York Giants beat the favoured New England Patriots to take the title of World Champions.

The Giants upset the Patriots 17 to 14 at Super Bowl XLII with a total of $92.1 million being wagered on the game. There were hopes that the contest would draw a new record approaching $100 million and surpass the current Super Bowl record of $94.5 million set in 2006.

'That number is shocking to me,' said Jay Kornegay, Sportsbook Director for the Las Vegas Hilton.

'With all the hype, I thought we would at least break the record and get $95 million to $97 million.'

According to the Nevada Gaming Control Board, the state's 174 sportsbooks lost $2.6 million on the game after celebrating a Super Bowl win of $12.9 million last year.

This marked only the second time since 1991 that Nevada sportsbooks lost on the Super Bowl. The only other time was in 1995 when the San Francisco 49ers went in as heavy favourites against the San Diego Chargers with the bookies loosing $396,674.

'We got crushed on the game,' said Kornegay.

'By the time we got to the Super Bowl a lot of people were tired of the Patriots and they didn't want to root for Goliath.'

He stated that the public did the most damage to the books by betting the Giants plus the points and the Giants on the money line. Many bettors played those bets on parlays with the score to go under the total of 55.

Quarterback Eli Manning's touchdown pass to receiver Plaxico Burress with only 35 seconds on the clock saw New York complete one of the biggest upsets in Super Bowl history after the Patriots had taken a 14 to 10 lead with 2:42 left.

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