Nevada Clears $70M Sports Betting Revenue For Second Time

Nevada sportsbooks reported $70.6 million in adjusted sportsbook revenue for September. It's the second time in the post-PASPA era the Silver State eclipsed $ 70 million. The last time it reached a higher number was last November when it totaled just shy of $72 million, while the statewide hold of 9.3% is currently the lowest of 20 states to report. Handle surged as expected with the start of professional and college football, reaching $761.1 million and the year-over-year gap in revenue is 4. 1% behind 2021 at $296. 3 million but still within $32 million of the $6 billion for the whole year.

$51.7 million was wagered on football in September. Baseball was the other big revenue generator for September, with operators keeping more than $12.5 million from $192.8 million wageered. Other sports generated nearly $5.6 million in revenue from the catch-all "other" category. Nevada cleared $70 million sports betting revenue for the second time.

Nevada cleared $70 million in sports betting revenue for the second time. The return of football brought a surge of in-person wagering. Retail sportsbooks collected $42.9 million. The overall revenue since January 2020 topped $1 billion. Brick-and-mortar locations account for more than 55% of the total despite accounting for only 36% the handle.