Nevada October Sports Betting Tops $50 Million for Second Straight Month

Nevada October Sports Betting Tops $50 million for Second Straight Month. Revenue for retail and online sports betting sites in October was $56.9 million. October marked the second consecutive month that revenue has been more than $ 50 million, following September.

Despite yearly dip, handle still strong. Nevada collected $3.8 million in taxes. October sports betting handle for October was $921 million. It was down 16.3% from October 2021, when the handle was $1.1 billion.

College and pro football were the big winners of October. The handle for both sports was $607.4 million. Baseball was next at $114.7 million, a decrease from $192.8 million in September. Basketball handle clocked in at $79.22 million - a 151% drop from October 2021.