Nevada’s sports betting market reported its fourth-highest monthly handle figure ever in September.
According to the latest figures from the Nevada Gaming Control Board (NGCB), bettors in the Silver State wagered $575.1m on sporting events in September, an increase on the $475m wagered in August.
Nevada sportsbooks managed to generate $32.9m in revenue, representing a 5.7% hold. September’s handle marked an increase on the $17m generated in August.
NV mobile betting market share slips in September
Nevada’s mobile sports betting market share fell in September as more casinos reopened in the Silver State. However, it is important to consider that Nevada casinos still have a limited capacity on how many patrons can enter a venue and bettors are still required to create mobile betting accounts in person at one of the state’s casinos.
According to the state report, mobile sports betting made up 54.9% of the state’s total handle in September. This represents a significant drop from 64.3% in August and 69% in July.
Mobile betting also accounted for $11m of the state’s total betting revenue in September.
What did people bet on?
While September marks the first month where bettors can wager on all major US sports, football was the most popular sport to bet on.
Bettors in the state of Nevada wagered $221.9m on football events in September. Baseball was the second-most popular sport to bet on with sportsbooks processing $147.3m on the sport.
Basketball bets totalled $114.8m making it the third most popular sport to bet on in September.
Bettors wagered $60.4m on sports in the “other” category, outperforming hockey which saw $25m in bets.
Total US handle passes $2.5bn
When combined with the figures from other states and the $748m wagered in New Jersey, the $462m bet in Pennsylvania and the $207m spent in Indiana and Colorado’s $207m in handle, Nevada’s $475m pushed the total US sports betting handle past $2.5bn in September, representing a new record for the US betting market.
This figure has the potential to grow even further in the coming days as the state of Illinois has yet to publish its sports betting figures for September.
