Tourism-Led Nevada Sports Betting Posts 14% Increase in June

Spread the Word:

Despite the summer slump, and a less weekend than May, Nevada sports betting showed recovery by posting a more than 14% increase in handle in June.

According to the latest figures released by the state, Nevada sportsbooks took in nearly $545 million in June, up 14.3% from May’s $477 million. It was also the first time since March that the Silver State cleared $500 million in its monthly sports betting handle.

Sports betting revenue also increased 8% to $29.2 million for June for a 5.36% hold. The state generated roughly $2 million in taxes.

Increased Tourism: Increased Retail Handle

It was a strong retail sports betting performance that pushed the June numbers, thanks to the return of the tourism industry. Nevada retail sports betting handle saw $231 million, up 31% from May’s $178 million.

The Silver State welcomed tourists in a normal environment that witnessed the gambling industry free of COVID-related protocols. The gamblers were attracted by the wide-open environment they would enjoy in the pre-Covid days at Las Vegas Strip casinos, with no capacity limits, masks, or social distancing.

Of the total retail handle – $231.2 million – wagered in June, Las Vegas Strip alone originated $230.2 million.

Though the retail industry is expected to see similar trends in the coming months, gamblers will be experiencing the return of at least one COVID-related restriction – face coverings – in August.

Online Handle Showed a Modest Growth

Despite the huge gains by retail betting, Nevada online sports betting also has increased modestly to nearly 5.5% to $314 million from May’s $298 million.

However, mobile handle share dipped again in June to 57.7%, compared to 62.4% in May and 65.3% in April.

The mobile share in Nevada sports betting is far lower than 80% or 90% in most other legal jurisdictions with online sports betting. But Nevada – the traditional face of US sports betting – persists with its conservative model of gambling, depending on tourist traffic, and requiring in-person registration.

Tourism has seen a rise in the past few months in Nevada, but the rising COVID cases have forced the return of face coverings for everyone in Las Vegas casinos from this week.

It is yet to see how the COVID-led protocol/s may affect the August numbers.

Baseball Most Wagered on Among Nevadans

Baseball was the favorite among Nevada bettors who wagered $226.24 million on the sport, with a 1.4% hold for $3.2 million in revenue.

Basketball was second-most popular, and took in $193.95 million, with a strong hold of 10.22%. Hockey was the distant third with $44 in handle and $3.1 million in revenue.

The “other” category accounted for $80.49 million; football, $566,626, and parlay cards, $105,000.

What Can We Expect from Nevada Market in Future?

Nevada sports betting indicates it is headed in the right direction. It’s one of seven out of 16 legal states/jurisdictions to witness a month-over-month handle rise in June.

While the Silver State may see another month of slow growth in July, things will begin to pick up from August ahead of NFL betting, one of the biggest sporting events in the United States. Football season and the NFL betting means swelling handles, revenues, and record-shattering performances by the sportsbooks in and around Nevada.

July can also make Nevada the second state – only after New Jersey – to cross the $1 billion revenue milestone in the post-PASPA era. Silver State’s sportsbook only needs $6.6 million in revenue to reach that milestone.

Related News

Nevada Football Team
September 2, 2021

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 […]

read more
eSports event
February 23, 2021

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 […]

read more
Las Vegas strip
August 2, 2021

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 […]

read more
New Jersey sportsbook handle February
June 2, 2021

New Jersey Eclipses Nevada Sports Betting in Post-PASPA Handle

New Jersey has finally overtaken Nevada sports betting market in the total post-PASPA handle as Nevada released its monthly report. According to the latest numbers released Thursday by Nevada Gaming […]

read more
November 20, 2019

Nevada Charitable Gaming Laws

462.064. “Charitable lottery” defined “Charitable lottery ” means a lottery operated by a bona fide charitable or nonprofit organization pursuant to the provisions of this chapter. General Provisions 462.075. “Charitable […]

read more
Las Vegas
July 4, 2021

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 […]

read more
Las Vegas sign
June 22, 2021

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 […]

read more
Las Vegas strip
December 17, 2020

Sisolak Extends Nevada Casinos’ 25% Capacity Limit to Jan 15

Nevada Gov. Steve Sisolak has allowed casinos to operate at 25% capacity as he extended pandemic-led restrictions until January 15. The governor’s announcement comes amid increased COVID-19 hospitalizations that led […]

read more
Las Vegas
May 15, 2021

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 […]

read more
Las Vegas
May 5, 2021

Nevada Casinos Win Top $1bn, Highest Since 2013

In what appears to be a continued sign of recovery, Nevada casinos saw more than $1 billion in winnings in March, the highest number since 2013. According to the report […]

read more
June 6, 2019

GVC Holdings Approved to Offer Online Sports Betting and Poker in Nevada

Online poker players in the Silver State who want an alternative to WSOP.com may be in luck after the Nevada Gaming Commission (NGC) approved GVC Holdings’ application for an interactive […]

read more

Stay Updated & Receive Exclusive Offers

Be the first to know when new states legalize online gambling and gain access to exclusive casino and sports betting promotional offers.