Nevada Football Team

Nevada Becomes Second State to Clear $1B in Sports Betting Revenue

Nevada became the second state in July to clear $1 billion in total sports betting revenue in the post-PASPA era, months after New Jersey reached the benchmark. According to the numbers released Thursday by the Nevada Gaming Control Board, the state’s sportsbooks handled $409.7 million in July, down 24.9% from …

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Las Vegas strip

Nevada Casinos Report Highest Revenues Since 2008

Nevada casinos recorded more than $1 billion for the fourth straight month in June, witnessing the first fourth-month streak of $1 billion since 2008. According to the Control Board Senior Research Analyst Michael Lawton, the Silver State last saw four straight billion-dollar revenue months thirteen years ago, from Jan. 2008 …

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Las Vegas

Nevada Sports Betting Handle Shows Steady Growth in May

Nevada sports betting has gained some ground in May with a 4.9% rise in handle amid an uneven month, which brought ups and downs across other states. According to the latest numbers released by the Nevada Gaming Control Board (NGCB), the state’s sportsbooks reported $477.2 million in May handle, representing …

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Las Vegas sign

Several Nevada Casinos Remain Closed Despite Lifted Restrictions

Several Nevada casinos remain closed for more than a year and some may never open their doors to visitors despite the state’s full reopening on June 1. As of June 1, Gov. Steve Sisolak lifted all capacity limits and social distancing requirements in the Silver State. The state casinos had …

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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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