- Sports Betting
- US Betting
- Daily Fantasy Sports
There’s a lot to unpack from the Nevada Gaming Control Board‘s numbers on September for sports betting.
Some of the handle was actually from tickets cashed from the August super-fight between Floyd Mayweather Jr. and Conor McGregor. But even so, it was nothing short of an outstanding month for the books in terms of handle.
Handle continues to increase as nearly every casinos continue to roll out out and increase marketing of mobile wagering. Caesars was the latest, with a soft launch in September.
Handle wasn’t the only place where the books excelled. They also generated more than $44.4 million in revenue. It was the state’s third best month in terms of hold and best since 2014.
The vast majority of that came from betting on football, as wagering on NFL and college games clocked in at more than $40 million in revenue. The books boasted a hold percentage on all bets in excess of 11 percent.
That is the first time Nevada books have ever held more than $40 million of football wagering in a single month.
The books also won nearly $6 million from parlay cards and $4 million from baseball wagering. They gave back more than $5 million on bets falling under the “other” category, mostly from the aforementioned fight.
October and November are historically the biggest months for the sportsbooks. Handle in 2016 eclipsed half a billion dollars in each of those months last year.
After huge months this month and last, could we see Nevada handle eclipse $600 million for the first time in history?