Written by Thomas | Tuesday, February 8th, 2011

The NY Times has reported that Vegas sportsbooks were hit particularly hard this year after results came back that they made a 1% – or $724,000 – total profit on Super Bowl XLV wagers this year.

These disparaging numbers differ pretty heavily from last year, when Vegas sportsbooks reportedly made nearly $7 million in profits from the Super Bowl involving the Colts and Saints.

If you were following the lines after both the NFC and AFC championship winners were decided 2 weeks ago, Vegas lines and most online sportsbooks had the Packers as 2.5 point favorites, with the total points line set at 44.5.

Most insiders have speculated that most popular bets were the Packers spread (-2.5) and the over (44.5) – BOTH of which hit on Sunday night, as the Packers defeated the Steelers 31 to 25 at Texas Stadium out in Dallas.

According to the Times though, despite the small profit margin, overall sports betting for the game wagered 5.5% more than they did last year, a good sign for the NFL as they plan to hammer out a new collective bargaining agreement this March and hopefully continue to ride the money truck and popularity of their league.

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