Nevada Sports Betting Handle Again Exceeds $1bn

Nevada’s sports betting revenue reached a new record total of $72 million in November, and the handle exceeded $1 billion for the second consecutive month.

Total gaming revenue was $1.32 billion, and it was the first month that the US welcomed international travelers from a number of countries since March 2020. A massive $1.09 billion was bet on sports in November, up 90.4% from the previous November. From this, sportsbooks took $72 million in revenue, up 16.5% from the previous record, which was set in November of the prior year.

Just under half of the sports betting revenue total, $35 million, came from mobile bets, and the mobile handle was far larger than the retail total at $777.2 million.

The most popular sport to bet on was American Football, which attracted $558.6 million in bets, and operators took $53.1 million. It was followed by basketball, which saw $376.1 million in bets and $10.2 million in revenue.

The overall gaming revenue in Nevada was close to the record $1.36 billion set in July but was just slightly less at $1.32 billion. This was an increase of 71.4% from the previous year and the ninth consecutive month in which revenue was greater than $1 billion.

The vast majority of this, $859.9 million, came from slots, on which players bet $11.42 billion. Table games brought in $486.2 million, an increase of 131% from November 2020, with blackjack leading the way with $124.6 million in revenue, followed by baccarat at $94.3 million.

In Clark County, which includes Las Vegas, revenue totaled $1.16 billion, just slightly less than July 2021’s record but up 81.3% from November 2020. On the Las Vegas Strip, revenue was $755.1 million, up 115.9% year on year.

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