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Nevada sports betting revenue reaches $20.2m in January


Sports wagering revenue in Nevada climbed 36.0% year-on-year to $20.2m in January, while statewide casino gaming revenue was also up 5.5% to $1.04bn.

Players spent a total of $502.5m, which was 1.1% more than $497.0m last year, but down from the $571.2m wagered in December. Sports betting revenue was also down by 44.5% from December 2019.

January’s figures marked the first time the Nevada Gaming Control Board broke out mobile revenue, which contributed $11.2m to the monthly total across all sports.

Looking at revenue by sport, basketball betting was the main source of income, with licensed operators taking in $12.5m in revenue during January. Football followed with $5.8m in revenue, boosted by the conclusion of the National Football League season, though hit by significant customer wins.

Meanwhile, ice hockey betting generated $1.4m for operators and pari-mutuel racebooks for horse racing brought in a total of $2.7m.

However, in contrast, wagering on baseball led to operators to posting a loss of $1.9m as punters cashed in their winning bet slips following the end of the Major League Baseball season.

In terms of the wider market, casino gaming revenue in the state was up 5.5% year-on-year to $1.04bn, though on a month-on-month basis, this was down by 1.9% from $1.06bn in December.

Slots were again by far the primary source of revenue for Nevada casinos, with this amounting to $672.5m in January. Table game baccarat followed in a distant second with $112.2m in revenue for the month – up 17.0% on $95.9m last year.

Nevada also noted a year-on-year increase in blackjack revenue, with this rising by 6.9% to $96.4m for the month.

Overall table games revenue for the month amounted to $365.7m, up 12.1% from $326.0m in January 2019.