{"id":123200,"date":"2019-12-28T21:34:28","date_gmt":"2019-12-29T05:34:28","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=123200"},"modified":"2019-12-29T08:07:13","modified_gmt":"2019-12-29T16:07:13","slug":"nevada-sportsbooks-reach-historic-handle-break-600m-for-november","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/nevada-sportsbooks-reach-historic-handle-break-600m-for-november\/","title":{"rendered":"Nevada Sportsbooks Reach Historic Handle in November, Break $600 Million for First Time"},"content":{"rendered":"

The proliferation of sports betting across the United States certainly hasn\u2019t seemed to hurt the Nevada sportsbooks at all.<\/p>\n

\"\"
The SuperBook at the Westgate Resort in Las Vegas. (Image: Westgate Resorts)<\/figcaption><\/figure>\n

The granddaddy of the US sports betting scene posted a handle of nearly $613.6 million in November. It marks the first time the state\u2019s sportsbooks have crossed $600 million in a month, and it comes 18 months after the Supreme Court opened the door to sports betting nationwide through the repeal of PASPA.<\/p>\n

Nevada legalized sports betting 70 years ago.<\/p>\n

The sportsbooks posted revenues of $31 million for the month. That\u2019s actually down nearly $17 million from October, and largely due to the end of the baseball season. The books reported a win of $11.5 million in October, when the World Series<\/a> ended, and marked a loss of $5.5 million last month, as many winning futures bets were cashed out.<\/p>\n

The handle is up 5.6 percent from November 2018, when the sportsbooks reported a handle of $581 million. The revenues are up 14.2 percent from last year, when they took in $27.2 million.<\/p>\n

\n

Last week, New Jersey announced its sportsbooks posted a record handle as well, with $562.7 million bet at its sportsbooks last month. Pennsylvania, with a handle of $316.5 million, and Indiana, with $147.3 million, also posted their largest handles last month.<\/p>\n<\/div>\n

For the calendar year, Nevada\u2019s sportsbooks have taken $4.75 billion in bets. That has led to $292.8 million in revenue for the first 11 months of 2019.<\/p>\n

More than 92 percent of the November bets were placed in Clark County sportsbooks.<\/p>\n

Football Rules<\/h2>\n

With college and pro football in full swing, it\u2019s not surprising that nearly two-thirds of all bets placed were on gridiron games.<\/p>\n

Nevada\u2019s sportsbooks reported $384.6 million in bets on football. The month included some of the bigger college football games of the season, including Alabama-LSU, Alabama-Auburn, and Michigan-Ohio State. Big NFL games for the month included the Thanksgiving tripleheader, as well as the Ravens-Patriots and the Seahawks-49ers.<\/p>\n

The start of college basketball, as well as the first full month of NBA action, helped increase the basketball handle from $36.1 million in October to $166.6 million last month.<\/p>\n

Other sports, including hockey, golf, and boxing, accounted for $51.4 million in bets last month. That included the Deontay Wilder<\/a>-Luis Ortiz fight on Nov. 23 at the MGM Grand Garden Arena. Wilder won that bout with a dramatic seventh-round knockout.<\/p>\n

Casino Revenue Down<\/h2>\n

The state\u2019s casinos saw their overall revenue drop from October to November by more than $84 million.<\/p>\n

\n

The 440 licensed casinos and gaming facilities in Nevada reported a combined $937.5 million in revenue. That\u2019s also down nearly $30 million from the $967.2 million reported in November 2018.<\/p>\n<\/div>\n

Based on a 12.7 percent win percentage for table games and a 6.4 percent win percentage for slots, Nevada\u2019s casinos took nearly $12.14 billion in bets last month. That handle did not change from a year ago.<\/p>\n","protected":false},"excerpt":{"rendered":"

The proliferation of sports betting across the United States certainly hasn\u2019t seemed to hurt the Nevada sportsbooks at all. The granddaddy of the US sports betting scene posted a handle of nearly $613.6 million in November. It marks the first time the state\u2019s sportsbooks have crossed $600 million in a month, and it comes 18 […]<\/p>\n","protected":false},"author":45,"featured_media":123201,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,1074],"tags":[],"acf":[],"yoast_head":"\nNevada Sportsbooks Reach Historic Handle, Break $600M for November<\/title>\n<meta name=\"description\" content=\"It marks the first time the Nevada sportsbooks have crossed $600 million in a month, and it comes 18 months after the Supreme Court repealed PASPA.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nevada Sportsbooks Reach Historic Handle, Break $600M for November\" \/>\n<meta property=\"og:description\" content=\"It marks the first time the Nevada sportsbooks have crossed $600 million in a month, and it comes 18 months after the Supreme Court repealed PASPA.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/nevada-sportsbooks-reach-historic-handle-break-600m-for-november\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-29T05:34:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-29T16:07:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/12\/Westgate.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1065\" \/>\n\t<meta property=\"og:image:height\" content=\"599\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Bittenbender\" \/>\n<meta name=\"twitter:card\" 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