by Darren Moore
The Nevada Gaming Control Board has issued its most recent monthly revenue report, which shows that the state’s licenced sportsbooks took in over $1.1 billion in wagers in October.
According to the latest Vegas Casino news reports the current results indicate the first time in history that sports betting has surpassed the $1 billion barrier, shattering the previous high of $787 million established only one month earlier in September.
The handle for October is 66.8% bigger than October 2020 and 102.3 percent more than October 2019 before the worldwide epidemic. In addition, bets on collegiate and professional football games reached a new high of $728.6 million this month.
Nevada has now become the second state to reach $1 billion in wagers in a single month, according to the latest data. In September and October of this year, New Jersey had already surpassed the $1 billion threshold.
According to the NGCB, sports betting operators in the state won $48.3 million in October, up 14 percent from the same month in 2020. With 64% of the entire transaction coming from mobile sports betting, the rise was significant.
For the ninth month in a row, the state’s overall gaming income surpassed $1 billion, with operators reporting a combined win of $1.22 billion. This is a 48.5 percent increase over the same period in 2020. Meanwhile, the Las Vegas Strip recorded $702.1 million in gaming revenue for the month. The same period in 2019, when casinos were fully operational, brought in $538.5 million in revenue.
Darren lives & breathes sports betting and is always sniffing out his next value bet. His favourite sports to bet on are the NFL, horse racing and UFC but he will bet on anything if he thinks the odds are favourable.
