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Sports books take possible $5 million-plus loss on Knights in stride

The Golden Knights’ love fest that has swept Las Vegas also extends to the city’s oddsmakers and casino owners.

The state’s sports books will lose an estimated $5 million to $7 million if the expansion Knights cap their improbable inaugural season by winning the Stanley Cup. But several bookmakers said they’re rooting for the Knights and aren’t worried about them hurting their bottom line.

At South Point, the sports book has liability on the Knights well into six figures.

“But Mr. Gaughan (owner Michael) said that’s OK. He thinks it’s good for the town and good for the South Point,” South Point sports book director Chris Andrews said.