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Despite Big Loss, Sportsbooks Happy With Super Bowl Performance


Kevin C. Cox/Getty Images

Eagles running back Corey Clement celebrates a touchdown in the first half of Super Bowl LII.

The Philadelphia Eagles' win in the Super Bowl this weekend was good for their fans -- and for people who don't like the Patriots.

One group that may not be as happy: sportsbook operators.

The Eagles were the underdogs, and a few bettors were laying multi-million dollar wagers on the team to prevail.

"I wouldn't be surprised if one or two houses might have snuck out with a small win," said Nick Bogdanovich, U.S. director of trading at William Hill, to State of Nevada.

But, he added, "I would say the majority of them lost." 

Bogdanovich said William Hill got "hammered" for seven figures. 

"Usually it takes a weekend of bad results to get to that figure -- we managed to accomplish it in one game," he said.

While William Hill took it on the chin, Bogdanovich said it was a great game and, overall, the handle broke records.

"We view it as a successful Super Bowl, even though we didn't win money, just because there were so many people at our counters and the game was one heck of a game,” he said.

And with the NCAA Men's Basketball Tournament just a few weeks away, Bogdanovich is sure the book will make up the losses fairly quickly.

"This is a marathon, not a sprint," he said. "We paid out lots of tickets in the past and we're going to pay out a lot of tickets in the future.”

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Nick Bogdanovich, US director of trading, William Hill

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