Nevada’s sportsbooks had one of their best months ever in September.
According to figures from the Nevada Gaming Control Board (NGCB), Nevada’s sportsbooks processed more than $546.2m in sports wagers in September.
September’s figures marked a month-on-month improvement on the $287.7m wagered in August. However, Nevada bookies failed to beat the $571m wagered in September 2018.
In terms of revenue, Nevada sportsbooks generated an impressive $52m from sports wagering. While this was a massive improvement on the $18.7m generated last month, sportsbooks were unable to top the $56m generated in September 2018.
Football reigns supreme
Now that football season is in full swing, it should come as no surprise that football was the most popular sport to bet on in Nevada. According to the figures, Nevada’s sportsbooks posted a combined handle of $377.5m from football bets and held onto $39m.
Bettors wagered $122.4m on baseball with Nevada bookies in September, the final month of the MLB regular season. Baseball bets generated $7.6m for sportsbooks in the Silver State.
Parlay bets were the next most popular bet to place accounting for $11.7m of the state’s betting handle and generating $5.4m in revenue.
Just under $4m was wagered on basketball events in September but the bettors were lucky and bookies made a loss of $912,000 on basketball bets.
Other sports accounted for $30m of the state’s betting handle and generated $872,000 in revenue.
Nevada v New Jersey
Nevada managed to snatch the crown back from New Jersey in September after the Garden State’s sports betting handle topped Nevada’s for two consecutive months. In August and July, New Jersey sports betting handle managed to overtake Nevada’s by a considerable amount.
New Jersey’s sports betting handle in September hit $445.6m and bookies generated $37.9m in sports betting revenue.
It is possible that New Jersey fell back into second place in September thanks to the growth of Pennsylvania’s betting market. The Pennsylvania sports betting market has seen considerable growth in recent months thanks to the introduction of online and mobile betting.
Now that Pennsylvanians have at least five different online sports betting options, there is no reason for bettors to travel across state lines into New Jersey to place bets. As more operators enter the Pennsylvania market, it is possible that one day it could overtake New Jersey to become the biggest market for online gambling in the US.
It’s important to remember that New Jersey and Nevada are the two largest sports betting markets in the country and when combined, both states processed just under $1bn in sports wagers in September.
For an in-depth look at each state’s sports betting statistics visit the BettingUS stats page.
