Nevada reveals further sports betting success in October

1 December 2017

Nevada has followed up on a record month for sports betting in September by surpassing the $500m (€419.6m) handle again in October.

September saw the US state set a new betting handle record of $558.4m, and the Nevada Gaming Control Board has now revealed that the handle in October came in at $522m.

This represents the best-ever performance by Nevada sportsbooks in the month of October, as well as the third consecutive month of a betting handle in excess of $500m.

However, the $31.4m in revenue generated by sportsbooks is the lowest amount since 2014, according to Legal Sports Report, and some way behind the $42.3m recorded in October 2016.

Meanwhile, the Nevada Gaming Control Board has revealed further details about the performance of the state’s overall gambling industry in October.

Nevada casinos reported combined gaming win revenue of $988.7m for October, which is 0.27% more than in the same month last year and up on the $980m that was recorded in September this year.

Slots revenue increase 3.8% year-on-year to $655.5m off a win percentage of 7%, but games and table revenue dropped 6% to $333.2m, with a higher win percentage of 13.84%.

Revenue on the Las Vegas Strip also dropped 6.05% as tourism levels in the city fell following the shooting incident on October 1.

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Nevada sets new sportsbook record in September