Las Vegas

Nevada Posts Third-Highest Sports Betting Handle Since PASPA Judgment

A crazier March Madness catapulted Nevada sports betting handle to $641 million, the state’s third-highest monthly total in the post-PASPA era. March total was also a 15.7% increase from February’s handle of $554 million and a 354.2% rise in the year-over-year comparison. In March 2020, the month pandemic-led closures began …

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Tropicana Hotel & Casino Las Vegas

Bally’s Acquires Tropicana Las Vegas Hotel and Casino for $308M

Bally’s Corporation has announced to purchase the Tropicana Las Vegas Hotel and Casino from Gaming and Leisure Properties, Inc. for $308 million. The transaction is expected to close early next year, subject to customary adjustments, regulatory approvals, and other requirements. According to the news release, the purchase price for the …

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Nevada landscape

Nevada Maintains 2nd Position in US Sports Betting Despite Dipping Handle

Nevada joined other sports betting states to record a below-average performance in February, with a handle dipping to $554 million, the lowest since August 2020. According to the official figures released Thursday by the Nevada Gaming Control Board (GCB), this represents a 14.3% decline from January’s $646.5 million. However, it …

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Las Vegas sign

Nevada Sports Betting Bounces Back with $646M Handle in January

Following two consecutive declining months, Nevada sports betting posted its second-highest ever handle in January with $646.5 million. It was just the fourth time the Silver State crossed the $600 million, and just 2% less from the record handle set last October of $659 million. According to the report released …

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eSports event

Nevada to Bring First US Esports Regulatory Body Bill

A Nevada lawmaker is drafting a bill that could create the country’s first regulatory body for esports. The Republican Senator envisions a “light touch” state oversight group like the Nevada Athletic Commission, which oversees combat sports such as mixed martial arts and boxing through licensure and sanctions. Following the NAC …

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Vegas

Sisolak Rolls Back COVID-19 Restrictions on Nevada Casinos

Nevada Gov. Steve Sisolak announced Thursday to roll back the COVID-19 restrictions imposed in November that limited casino capacity to 25%. The capacity limit will be lifted in phases starting tomorrow, February 15, and the gaming floors’ occupancy would be increased to 50% of their capacity given the improvement in …

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Las Vegas

Nevada Sports Betting Handle Declines But Finishes Second

Though Nevada retained its second position in the US sports betting market, December saw a relative decline with $588 million in handle, which was around $20 million lower than November’s figures. Besides, the figure was far lower than New Jersey’s sports betting handle for the same month that touched almost …

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Nevada cityscape

Nevada Sportsbooks Post Record Revenue in November

Although November was not a record month for Nevada‘s sports betting handle, Nevada sportsbooks posted a new record by securing a revenue of $61.8 million for the month. The previous best was $56.4 million set in September, according to figures released last Tuesday by Nevada Gaming Control Board (NGCB), making …

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