Las Vegas Super Bowl Casino Room Rates on the Rise

If you are planning to head to the Super Bowl LVIII in Las Vegas, booking your accommodation in advance would be wise. A recent assessment by Wells Fargo Securities found that MGM Resorts has increased room costs by 13% on average from their previous Super Bowl coverage, with rooms averaging at $1,078 a night for the weekend of February 9-11. The Venetian averages $1,266 a night, while The Wynn and Encore are averaging an incredible $2,833 a night. On the other hand, budget travelers may find slightly more affordable options from respected properties, such as the Red Rock and Horseshoe. Downtown Las Vegas, typically where budget seekers stay, features even cheaper rooms at hotels like The Golden Nugget and the Four Queens.

Las Vegas tourism officials anticipate that Super Bowl LVIII weekend will be the largest event to date as it has been six years since the NFL shunned the city due to widespread sports betting. Sports gambling has since become legalized in nearly 40 states after the US Supreme Court struck down a federal bill in May 2018. Last year’s Super Bowl LVII between the Kansas City Chiefs and Philadelphia Eagles attracted $153.2 million in wagers in Nevada, and this year’s Super Bowl LVIII is expected to break that 2022 record.

Finally, it’s worth noting that oddsmakers are historically successful in their bets on the big game as the Nevada Gaming Control Board records have shown losses for the house in just two Super Bowl matches since 1991. Plus, if you want an early look at the odds for the upcoming games this weekend, the Baltimore Ravens are 9.5-point favorites against the Houston Texans, while the San Francisco 49ers are also 9.5-point favorites at home against the Green Bay Packers. The home team Detroit Lions are 6.5-point favorites against the Tampa Bay Buccaneers, and the Buffalo Bills are favored by 2.5 points against the Kansas City Chiefs.

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