Sportsbook Official: Sunday Was ‘Worst Single’ Day For Vegas Sportsbooks Paying Out NFL Bets
LAS VEGAS (CBS Las Vegas) – As millions of Americans head to the polls today, it is a day of recovery for sportsbooks in Las Vegas, many of which may have considered this past weekend’s slate of NFL games as “Black Sunday.”
A high-ranking official for the Las Vegas Hotels Super Book told ESPN on Monday that the sportsbook was doing so poorly Sunday with the results of the games that it needed more money to be brought in in order to fully pay out winning bettors. Jimmy Vaccaro, a spokesman for William Hill North America, which oversees the betting lines for 150 sportsbooks in Nevada, told ESPN that Sunday was, without a doubt, “the worst single, regular-season, day I’ve ever seen.”
“I’ve been in this business for 26 years, and I have never seen what I saw [Sunday],” Jay Kornegay, vice president for the Las Vegas Hotels Super Book, said to ESPN. “We call for more money a couple times a year, but never like this.”
In the early slate of Sunday games, every favorite that the sportsbook went against – Baltimore, Chicago, Denver, Detroit, Green Bay, Houston and Seattle – all won. The result was a high volume of winners who bet all the favorites in parlays.
Up until Sunday, the sportsbooks were doing pretty well during the NFL season, with the sportsbooks holding an above-normal winning percentage against bettors, Vaccaro said. But it would be an unwelcome departure on Sunday. For instance, three gamblers were paid out sums of $10,400, $12,750 and $15,000, respectively, by Vaccaro’s William Hill sportsbooks for winning parlays that featured favorite teams that would win.
“We’re lucky the economy stinks and we’re not taking the same types of bets we were four or five years ago,” Kornegay told ESPN.