Nevada surpasses NJ sportsbook handle in June
The Nevada sports betting handle moved back ahead of New Jersey after the largest June intake in the state’s history, helping to bring total state gaming revenue back over $1bn for the first time since March 2019.
$322.1m was wagered at Nevada sportsbooks in June, surpassing New Jersey’s $273m handle, after the garden state handled more money than Nevada in May. The figure was a 12.4% increase from 2018.
Baseball wagers made up the majority of the sportsbook intake, totaling $208.7m for the month, 14.2% more than June 2018’s $182.8m handle. Basketball bets made up $51.4m, an increase from $32m last year, helped by the 2019 NBA Finals lasting two games longer than the 2018 Finals.
Sportsbook revenue in the state totaled $16.6m, a 20% decline from last June, after the win percentage on sports wagers fell from 7% in June 2018 to 5.2% in 2019. Baseball bets took in a revenue of $11.6m, while basketball bets took in only $946,000 on a 1.84% win percentage. The state lost $637,000 on football bets, despite a handle of just $1.1m.
Read more on iGB North America.