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Nevada sets new betting revenue record as handle reaches $1bn again in November

Sports betting revenue in Nevada reached a new record total of $72.0m, while handle exceeded $1bn for the second consecutive month in November, as total gaming revenue reached $1.32bn.

The month saw the US welcome international travellers from a number of countries for the first time since March 2020, after travel restrictions related to the Covid-19 pandemic were eased.

Players staked $1.09bn on sports in the month, down slightly from October’s $1.10bn but up 90.4% from the previous November.

From this total, sportsbooks took in $72.0m in revenue, up 16.5% from the previous record, set in November of the prior year.

Of the sports betting revenue total, just under half, at $35.0m, came from mobile bets. Mobile handle, however, far eclipsed the retail total, at $777.2m.

American football was by far the most popular sport for betting, as players wagered $558.6m and operators took in $53.1m, though this was down by 5.2% from November 2020. Basketball followed with $10.2m in revenue on bets worth $376.1m. Bets on hockey and other sports each brought in $2.9m, while parlay revenue came to $4.4m.

Overall gaming revenue in Nevada came close to the record $1.36bn set in July, but fell just short with $1.32bn. This total was up 71.4% from the previous year, and the ninth consecutive month in which revenue surpassed $1bn.

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