LAS VEGAS -- Floyd 'Money' Mayweather's 12-round decision over Manny Pacquiao proved to be a winner for most Las Vegas sports books, despite a flurry of late action on the undefeated boxer on Saturday that pushed his odds from -190 to -250 at several betting venues.
"This was a fight that should have probably been -350 to begin with," said Westgate Las Vegas SuperBook VP Jay Kornegay. "It was a good, solid win for us -- like a big NFL game. We found ourselves in kind of a no-lose situation."
The fight was held at MGM Grand, and about half the money bet in the state of Nevada was handled at MGM's 10 sports books along the Strip. While the MGM's chain of books fell just short of its expected handle, it still wrote more action than any other fight.
"We had strong handle, but not the type I could see us getting over $60 million statewide," said MGM Resorts VP of race and sports Jay Rood, who closed the fight with Mayweather as a -240 favorite after beginning at -200 on Saturday. Estimates for state-wide handle ranged from $50 million to $80 million .
The net result for the MGM books was a win of over $1 million.
Off the Strip, many books didn't get the type of late Mayweather money like MGM properties did, and it was to their benefit.
"It was a good day," said Aliante sports book director Marc Nelson. "We closed at -200 and did well on all the props. After rounds six through eight, it looked like a draw, but Mayweather took control."
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