Basketball Led Nevada Sports Betting Which Saw 36% Rise In January

According to the latest monthly statistics from the Nevada Gaming Control Board, sports betting in Nevada saw revenue grow by a strong 36 percent in January to $20.15 million on handle of $502.5 million.

A breakdown of that statistic revealed that the mobile handle had hit almost $246 m, almost 50 percent of the total. Mobile sales amounted to $11.2 m, around 55 percent of the total.

Basketball led the state’s betting operation, generating $12.5 m of revenue, while football revenue dropped from January 2019 to $5.8 m more than a quarter.

The Control Board figures showed $1.04b in statewide casino gaming revenue in January, a year-on-year increase of 5.5 percent, but a gentle decrease from $1.06b in December 2019. The gains were largely due to a strong turnaround in revenue from baccarat, which had dropped more than a quarter in December.

January’s baccarat sales reached $112.2 million, up 17 percent year-on-year and over 47 percent higher than December, which helped raise January’s overall’ table counter and card games ‘ segment to $365.7 million.

Blackjack also had a good month, rising 6.8% to $96.4 m, while roulette was up 17.6% to $34.6 million. Craps declined by 2.8 percent to $33.7 m in January but the poker rooms in the state increased by 20.1 percent to $11.6 m. Revenue from slots rose 2.2 percent to $675.5 million.

Total winning slots across the state went up 2.2 percent to $676 m off a 7.2 percent win, while winning games and tables rose 12.1 percent to $366 m off a 12.8 percent win. Three-card Poker stood out with a 33 percent gaming win bump.

According to research conducted by the Las Vegas Convention and Visitors Authority, the gaming figures come as Las Vegas received about 3.5 million visitors in January, up 3.9 percent from last year.

Positive increases in citywide occupancy were also seen in the month, which averaged 85.9 per cent, up 1.9 points from last year. Weekend occupancy averaged 90.1 percent, while midweek occupancy averaged 83.8 percent, reflecting an improvement of 1.3 and 1.7 points year-over-year, respectively.