Nevada Sportsbooks Held To $37.7 Million Revenue In November

Nevada Sportsbooks Held To $37.7 million in operator sports wagering revenue for November. Handle ticked up 0. 7% compared to October, but both month-over-month and year-to-year revenue comparisons show steep fall-offs. The win rate was below 4.1%. The state received more than $2.5 million of tax receipts for the year 2022.

Nevada Sportsbooks Held To $37.7 million Revenue In November. Football was the primary driver of both handle and revenue. Jim McIngvale picked up $10 million of his $75 million in winnings for picking the Astros to win the World Series in Nevada. Louisiana has the biggest monthly sports wagering loss in the post-PASPA era at more than $25.3 million.

It has been 19 months since Silver State mobile operators posted a hold of 6% or better. The 3.1% win rate for November is in the middle of the pack for the calendar year. $641.7 million worth of online bets trailed only the $786.8 million placed in January. Mobile handle totaled more than $5.3 billion and accounted for 68.4% of overall revenue.