When you sign-up through links on our site, we may earn an affiliate commission. Learn more >
Nevada’s August handle jumped 16 percent from the previous year’s August total, but that was not good enough to beat New Jersey as the casino in the desert only brought in $288 million in sports wagers.
The win by New Jersey in total sports betting handle was their third in four months over Nevada, with the first coming in May as the Garden State squeaked by the home of Las Vegas by just over $1 million.
In May, one of the original champions of betting in New Jersey, retired state senator Raymond Lesniak, signaled that May win over Nevada was not the last one for the Garden State.
“I’m not surprised at all,” Lesniak told ESPN Chalk. “I’ve been saying all along that the northeast and New Jersey is a hotbed of sports activity. We love our sports. We are well on our way in overall gaming, to becoming the Las Vegas of the East Coast.”
Despite the news of their third loss in four months as the nation’s betting capital, Nevada continues on a pace that will set an annual record for the state.
Nevada crossed the $5 billion threshold in total sports betting handle in 2018 and with the handle numbers thus far in 2019, the state expects to reach beyond last year’s record setting mark.
Since wagering expanded in June of 2018, the United States has seen a handle of roughly $11 billion in total wagering.
In August, with limited time to bet on only college football, bettors in Nevada wagered $72.3 million on football with the sportsbooks clearing $12.66 of those wagers.
But football did not lead the month for Nevada as bettors wagered $178.9 million on baseball in August. Third on the list was basketball as action from the FIBA World Cup and NBA future bets accounted for $5.607 million.
Other betting for events such as horse racing brought in $30.2 million to Nevada sportsbooks.
The casinos in Nevada were glad for the bump in sports betting as the state’s revenue win figures settled around $952.4 million.
“This was the result of strong non-baccarat game and table play which benefited from increased volumes and significant increases to hold percentages,” said Michael Lawton, an analyst for the state’s Gaming Board.
“For the month, [blackjack] was up 29.2 percent, craps was up 67.3 percent, roulette was up 43.3 percent and sports were up 111 percent.”
The casinos on the Las Vegas Strip brought home the lion’s share of the revenue as the gaming establishments brought in $520.7 million.
Both New Jersey and Nevada expect a huge revenue increase for September as the lucrative NFL season begins and the sportsbooks see an influx of regular and seasonal bettors.
© Rebel Penguin ApS 2023 (a subsidiary of Gaming Innovation Group Inc.)
We support responsible gambling. 21+ Only. Gambling problem? Call 1-800-Gambler.
WSN.com is run by iGaming Cloud Inc (a Gaming Innovation Group Subsidiary) and is registered with the New Jersey Division of Gaming Enforcement (DGE) under affiliate vendor ID 89744, with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by the Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number 117656-1, possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, an interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery Commission, a sports betting vendor registration, under registration number #100400, issued by the Director of Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a Vendor Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.
Advertising disclosure: WSN contains links to online retailers on its website. When people click on our affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various sportsbooks.