The month of November was a big one for Nevada’s sports books which almost tripled their win to $27.1 m, with the hold up by 1.9 per cent to 4.7 per cent. According to Nevada’s Gaming Control Board, Silver State sportsbooks took $592m worth of sports wagers during the month, beating the previous $571m record figure set two months earlier.
A further breakdown of where that money was spent by bettors, drawn up by Legal Sports Report, showed that an incredible 63.3 per cent of wagers were on football. Basketball accounted for 25.7 per cent of the take, while baseball took two per cent and parlay bets 1.9 per cent. The remaining 7.1 per cent was cited as ‘other’ bets.
As it currently stands Nevada, with that November figure of $592m, is still a considerable distance in front of other states that offer legal sports betting. In the same month New Jersey took $330m, followed by Mississippi at $45m, Delaware on $16m, West Virginia with $12m and Pennsylvania’s $1.4m. In the round, that took the national total for legal sports wagering revenue to almost $1bn in November.
Overall gaming revenue in Nevada rose by 6.4 per cent in the month to $967m, elevating state win to more than $10bn for the year. The big revenue driver in November was Baccarat which saw win surge ahead by 51 percent to $97.8m, accounting for more than half of last month’s gaming revenue growth.
Among the possible contributing factors to that growth were the extra Friday in the month, allied to an Amazon web services conference which is thought to have encouraged a 5.4 per cent increase in visitor numbers to Las Vegas.