Summary:
Nevada sportsbooks have encountered losses in only two Super Bowls since 1991, with the most significant hit occurring in 1979 during a game known as “Black Sunday.” The Steelers versus Cowboys match saw bettors walk away with an estimated $3 million, equivalent to $13 million today, causing chaos in the betting world. Veteran oddsmakers like Jimmy Vaccaro recall the infamous day, shedding light on the impact it had on the industry.
Black Sunday: The Legendary Super Bowl Upset of 1979
The year was 1979, and the Super Bowl matchup between the Steelers and Cowboys forever etched itself in the annals of sports betting history. Pittsburgh, favored by 2.5 points, closed at 4.5, leading to a middle situation where both sides incurred losses for bookmakers. This unforeseen turn of events resulted in bettors cashing in on a promotional offer from Frank “Lefty” Rosenthal at the Stardust, ultimately causing a $3 million dent in the industry.
Other Notable Super Bowl Losses
In addition to the 1979 upset, two other Super Bowls stand out for the significant losses experienced by sportsbooks. The 1995 clash between the 49ers and Chargers saw bettors pocket $396,674, while the 2008 showdown between the Giants and Patriots resulted in a record-breaking $2.57 million loss for bookmakers. Despite these substantial hits, the 1979 Black Sunday remains a standout moment in the history of sports betting.
Veteran oddsmaker Jimmy Vaccaro reflects on the historic event, emphasizing the shift in the industry over the years. According to Vaccaro, the ability to capitalize on prop bets in modern times provides a safety net, unlike the ’70s when bookmakers had to solely rely on the final score. As the betting landscape evolves, the legacy of Black Sunday continues to serve as a timeless reminder of the unpredictable nature of sports wagering.
Please direct all inquiries to reporter Todd Dewey at tdewey@reviewjournal.com. Follow @tdewey33 on X for more insights and updates.
