Nevada Sports Betting Sees Most Monthly Bets In A Year

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What You Need To Know Before Placing Your First Super Bowl Bet

Nevada sports betting operators took $935 million worth of bets in January, according to the Nevada Gaming Control Board.

It was the highest monthly NV sports betting handle since January 2022, although Nevada fell out of the top three states in handle amid a new market entrant, according to NGCB numbers.

Nevada sportsbooks made $50.4 million in revenue, slightly down from December, as they won fewer bets. Month-to-month hold dropped from 6.27% to 5.39%.

The state took $3.4 million in taxes, an 8% drop from the previous month.

NV sports betting falls from top three

Nevada finds itself outside the top three states in monthly handle, a significant change for what was once the only place to bet in the country legally.

New York, New Jersey, and newcomer Ohio each topped $1 billion in wagers for the month.

Ohio’s numbers are impressive given its size compared to New York and nascent status, though they were inflated by $320 million in promos.

Super Bowl betting takes a hit

Nevada could not bet on two of the state’s most widely used apps during the biggest betting event of the year. Caesars tech platform crashed during the Super Bowl and remained down for three days, taking William Hill with it. Several in-person Las Vegas sportsbooks were affected by the crash as well, which Caesars has committed to fixing.

Nevada took $153 million in wagers on this year’s Super Bowl, down about 15% from 2022, but up 12.5% from 2021. Sportsbooks had their least successful Super Bowl since 2018, keeping just 3.6% of all dollars wagered on the big game.

What Nevada took bets on

Nevada is one of the few states that breaks out handle by sport. Here’s what Nevada bet on in January:

Mobile betting accounted for 62% of handle, still far behind most other states.

Sportsbooks held on to 43% of all dollars wagered on parlay cards, by far their most profitable bets. The next closest was football at 6.7%.