Nevada Sportsbooks Hit $419 Million In Handle In July

Nevada sportsbooks posted a monthly low $419.4 million in sports betting handle in July. That figure is nearly $10 million higher from July 2021 year-over-year ($409.7 million). Nevada sportsbook netted just $16.2 million July 2022 revenue.

Nevada sportsbooks posted $33.3 million in revenue in July 2021. Since the fall of the federal sports betting ban, US sportsbook have averaged 7.2% hold. Nevada sports books posted four straight months over $1 billion in handle. The 2022 NFL season kicks off in September.

Nevada Sportsbooks Hit $419 million in handle in July. Online sports betting accounted for $273 million of the total, and $14.5 million was revenue. Baseball accounted $289.8 million and revenue was $19.1 million. Nevada sportsbooks lost $5.7 million combined in football, basketball and hockey. FanDuel Sportsbook will open in Nevada next year.