Nevada Breaks Record With $614 Million In Sports Betting Handle

las vegas

Nevada’s sports betting industry continues to reach new heights.

On Friday, the Nevada Gaming Control Board reported that the state’s sportsbooks reported $31 mm in winnings off a record $614.1 mm in handle. The win percentage was 5.05%.

The previous handle record of $596.8 mm was set in March of this year.

In November 2018, Nevada sportsbooks reported $27.1 mm in winnings off of a then-record $581.1 mm in handle. The books had a hold percentage of 4.67% that month.

Sports betting win last month was up 14.3% in a year-over-year comparison. Total Nevada gaming win of $937.4 mm was down 3% in a year-over-year comparison. Sports betting is growing at a very solid pace while other casino offerings in the Silver State are lagging behind.

Play Poker Now At Global Poker

Gold Coin Package

  • Legal in 49 States
  • Texas Hold'em, Omaha, More
  • Tourneys and Cash Games
  • Tons of Promos

New Jersey, the nation’s No. 2 sports betting market, reported $562.7 mm worth of sports bets in November. About 86.5% of those wagers were made online. Nevada doesn’t give a retail vs. online breakdown.

The Silver State has a much larger retail component than New Jersey. Nevada online sports wagering handle is hindered by an in-person registration requirement, which the Garden State does not have.

Prior 12 months

Over the 12 months prior to Dec. 1, 2019, the Nevada sportsbooks had $336.9 mm in winnings, up 15.8% from the same period a year ago. Handle during the period was $5.3 billion, up about 7.5% from $4.93 billion wagered by bettors during the same period a year ago.

Nevada is on pace for another calendar year record. Calendar year 2018 had just over $5 billion in handle.

Football, of course, is king

Single-game football betting accounted for $22.5 mm of last month’s winnings and $384.5 mm of the handle. That figure does not include parlays, which are popular for football.

Basketball accounted for $8.1 mm in revenue and $166.6 mm in handle. The “other” category, which includes hockey, boxing, MMA, and so on, accounted for $4.2 mm in winnings and $51.3 mm in handle.

Image Credit: Lucky-photographer /

Related posts

Regulator: Old Football Tickets Reason For Rare Nevada Sportsbook Defeat

Brian Pempus

As Eldorado Closes Caesars Entertainment Deal, William Hill Appears Primed For Takeover Of Caesars’ Sportsbook Properties

Matt Rybaltowski

NYRA, Majestic Star Top List Of PPP Loan Recipients In Gaming And Racing Industry

Matt Rybaltowski