Nevada sports betting posts record revenue in November
Sports results favored the books in November unlike october, which helped Nevada sports betting hit an all-time high last month.
Nevada reported $ 72 million in sports betting income in November on $ 1.086 billion in paris. This is the second month in a row Nevada has surpassed the billion dollar mark for betting with the November handle barely 1.3% lower than in October.
It is despite one weekend less from Friday to Sunday compared to October.
The turnover was 16.4% on the previous record of $ 61.8 million, which was fixed last November. The handle jumped 78.2% since last November.
Processing of mobile accounts was $ 777.2 million, Where 71.6% of the total market, according to report.
Nevada Sportsbook Bets on Football
The effects of the extra weekend of NFL college football betting and betting – along with these operator-friendly results – were evident in the betting distribution.
Football accounted for more than half of all bets with $ 558.6 million in paris for the month. But it was down 23.4% starting at October $ 729.3 million bet on sport.
To hold was 9.5% on those football bets, which brought football income to $ 53.1 million.
It was the first full month of NBA game that helped make up for the football weekend in less. The bettors have bet $ 376.1 million on basketball during the month, although derisory 2.7% to hold just meant $ 10.2 million in recipes for books.
The Parlay handle fell from approximately 30% from October to $ 8 million in November. Detained operators 54.8% compared to 37.3% in October, resulting in a slight increase in income to $ 4.4 million.
Will November set new American records?
It looks like a new record for total monthly US sports betting earnings will be set in November. Whether the grip reaches a new high still depends on a few heavy hitters.
Total declared income of 16 jurisdictions is $ 451.9 million, which is roughly double the income reported by these jurisdictions last November.
The handle is at $ 4.75 billion, which means that there must be more $ 2.3 billion reported by the rest eight jurisdictions that have yet to report relative to October.
It should be close: these eight states, which includes Colorado, Illinois, Tennessee and Virginia, combined for $ 2.325 billion in paris for October.