Nevada Sports Betting Industry Remains Strong

Published: 3rd January 2020
Author: Joe Kizlauskas
Last Updated: 7th April 2022

Nevada’s sports betting industry remains strong, reaching new levels of handling.

Affiliate Insider estimates that $614.9 million has been wagered on sports over the course of November. The previous record was $596.8 million, set in March this year. This new highest number represents an increase of 2.9 percent over that figure.

For this segment, the state’s income also rose year-on-year, outdoing New Jersey’s sports betting rise once again.

The sports betting handle figures have rose by 5.7 percent relative to November 2018. Additionally, this year’s revenue of $31 million reflects a 14.3 percent increase in figures from last year’s same era.

Last month, American football remained the king of sports bettors in Nevada. In this region, $384.6 million was wagered, which was 62.6% of the state’s final figures. Basketball was second for the handle, which amounted to $166.6 m.

Sportsbooks earned just under $22.5 million in revenue out of the millions wagered on American football. It indicated a 5.85 percent hold. While, the basketball keep was 4.89 percent and $8.149 million in revenue.

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About Joe Kizlauskas

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He's written more words on all elements of iGaming than he likes to remember, and he's contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.