Nevada Sports Betting Mobile Share Jumps In August

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Nevada sports betting

Online Nevada sports betting increased in August with 73.4% of the month’s handle coming from mobile applications.

Bettors wagered $316.8 million through Nevada sports betting apps, according to figures released Friday by the Nevada Gaming Control Board.

That 73% of handle is the highest percentage of online wagering since April 2022.

Increase to NV sports betting online

Sports betting in Nevada has one of the lower percentages of online wagering because of its in-person registration rules. Online US sports betting accounts for 94% of all wagering nationwide.

August was the first month in the last year where online betting reached more than 70% with 71.7%. July’s mobile share was 65.7%.

Nevada gaming regulators do not release operator-specific handle or revenue data.

Recent NV sports betting app upgrades

Caesarsupgraded sportsbook platform launched in June.

Caesars Sportsbook made the technology changes after its William Hill app crashed right before kickoff of the Super Bowl.

In August, The William Hill Nevada sportsbook app switched to Caesars’ Liberty sports wagering platform, allowing for newer features like same-game parlays.

Annual August revenue boost

Nevada sports betting revenue reached $18.1 million in August, a 13% increase over the same month last year.

This was the highest August revenue total since Nevada sportsbooks cleared $18.7 million in August 2019.

Baseball accounted for more than half of revenue with $9.6 million made despite a 3.52% hold. Football accounted for $5.1 million in revenue on a 9.7% hold.

Given the seasonality of the sports betting calendar, August revenue is typically one of the lower monthly totals during the year.

Nevada sports betting by the numbers

Sports bettors staked $431.6 million in August, a 5.5% increase over August 2022.

The total pushed sports betting handle in the Silver State across the $34 billion milestone since the end of PASPA in 2018.

Sportsbooks posted a 4.2% win rate, one of its lowest hold percentages this year. The state collected $1.2 million in monthly sports betting taxes.