Sports betting industry nevada

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Revenue was up almost 20% compared to October of last year and 9.3% higher than September’s $62.3 million. The $68.1 million for October - with a hold close to 8.4% - is the third-highest total in state history, trailing only the nearly $72 million in November 2021 and $70.6 million in September 2022.

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Nevada sportsbooks have claimed billions more since accepting their first bets back in 1975, but the state joined New Jersey, New York, Illinois, and Pennsylvania in the select circle of those clearing $2 billion since betting outside Nevada first became available in June 2018, according to Sports Handle’s state-by-state sports betting revenue tracking. Nevada has become the fifth state in the post-PASPA era to surpass $2 billion in sports wagering adjusted gross revenue, with the state’s Gaming Control Board reporting Thursday that operators claimed $68.1 million in winnings in October.

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