Nevada sports betting breaks record in November

Nevada recorded record sports betting handle during November at US$614.1 million after casinos managed to take a total US$937.5 million revenue.

US.- As the segment continues to evolve, it manages to thrive nationwide. That’s why Nevada posted record sports betting handle at US$614.1 million last November.

According to state figures, the amount came in as casinos took in US$937.5 million in total revenue.

Moreover, gambling establishments reached a US$31 million revenue, up 14.3% year-on-year. The best performing sport was American football, as it brought US$22.5 million on stakes of US$384.6 million. The second place saw Basketball taking in US$8.1 million from US$399.3 million worth of wagers.

According to state figures, Nevada sports betting had players betting US$11.2m on sports parlay cards. Operators took in US$2.4 million, while casinos made US$4.2 million on US$53.2 million from the rest of the sports.

October figures

According to the Nevada Gaming Control Board, October marked the second month in a row in which the state hit the US$1 billion mark in gaming win.

While in October the casinos achieved US$1.02 billion in gaming win, it represents a 3.85% decrease when compared to the same month in 2018. Clark County win declined 5.1% to US$879 million, while the Strip registered US$538.5 million but a 9.2% decrease, according to Las Vegas Review-Journal.

Michael Lawton, senior research analyst for the Nevada Gaming Control Board, said: “Game and table win of US$322.8 million decreased by 12.6%, US$46.5 million, compared with a 10.8% increase in October 2018. Baccarat win was impacted by decreased volume and a poor hold percentage. Baccarat win of US$56.7 million was down 25.7%, US$19.6 million.”