Nevada August Sports Betting Up 190%, Still Far Behind NJ

Nevada August Sports Betting Up 190%, Still Far Behind NJ
© PA

For the second straight month, Nevada more than doubled its sports betting handle. And in August, for the first time in three months, the state topped Pennsylvania in total sports handle.

According to figures released on Wednesday by the Nevada Gaming Control Board, the total handle for Nevada sports betting in August was $474,948,415, an increase of 190.4% from July’s $163,552,029. The year-over-year total was up 65% from August 2019’s $287,811,623.

RELATED: Why is Nevada so content to be left behind on online gambling?

Nevada again trailed New Jersey in sports handle, with top sportsbooks in New Jersey having a 41% higher handle, posting a record $667,979,150 for the month. That beat the previous record of $614.1 million in Nevada in November 2019. New Jersey's monthly lead over Nevada in sports betting handle is growing, with the gap hitting $193 million in August.

But Nevada’s $474,948,415 total for August was 23% higher than Pennsylvania’s handle of $365 million, marking the first time in three months Nevada had more sports betting taking place within its state than sportsbooks in Pennsylvania.

Following a losing revenue month in June, Nevada sports betting bounced back with a revenue of $6,295,000 in July. The state recorded another winning month in August, finishing with $16,985,000 revenue, up 169.8% from July. But compared to August 2019, revenue was down 9.3% from $18,733,000.

Casinos in Nevada were closed for 78 days due to the coronavirus pandemic and began reopening on June 4. Capacity limits are still in place, and the state has a strict, in-person registration rule for sports bettors requiring a bettor to register in a casino.

Nevada continues to be held back by its in-person registration requirement. September should be a strong month for all states since the NFL kicked off on Sept. 10. Nevada might not outpace Pennsylvania for very long because the Barstool Sports app launched there on Sept. 18.

Here’s what the top states with legal sports betting reported in August handle:

  • New Jersey: $668 million (a 112% increase over July).
  • Nevada: $475 million (up $190.4 month over month).
  • Pennsylvania: $365 million (a 121.5% increase over July).
  • Indiana: $169 million (up 138% month over month).
  • Colorado: $128.6 million (an increase of 117% over July and more than the first three months of sports betting in the state combined).

Nevada vs. New Jersey

NevadaNew JerseyWinner
August 2020 Handle$474.948M$667.979MNJ by $193.0M
July 2020 Handle$163.552M$315.119MNJ by $151.6M
June 2020 Handle$78.152M$165.015MNJ by $86.9M
March 2020 Handle$141.108M$181.909MNJ by $40.8M
February 2020 Handle$491.706M$494.814MNJ by $3.1M
January 2020 Handle$502.279M$540.113MNJ by $37.8M
December 2019 Handle$571.088M$557.786MNV by $13.3M
November 2019 Handle$614.071M$562.676MNV by $51.4M
October 2019 Handle$543.921M$487.925MNV by $56M
September 2019 Handle$538.226M$445.563MNV by $92.7M
August 2019 Handle$243.337M$293.595MNJ by $50.3M

Note: Nevada redacted its sports betting handle in April and May so there is no comparison for those months.

Nevada Mobile at 64% for August

Other key Nevada numbers from the August 2020 report:

The August mobile sports betting handle of $305,194,444 was a 170.3% increase from July’s $112,898,833. The mobile sports betting handle was 64.3% of the total handle for August.

August’s total gaming win was $743,039,000, a decrease of 2% from July’s $755,793,000 and down 28% from August 2019’s total of $952,404,000.

Nevada Sports Betting August vs. July

Total handle Mobile handleRevenue
ChangeUp 190.4%Up 170.3%Up 169.8%

Top Sports Wagered On in Nevada

With the NBA playoffs in full swing, basketball was the most wagered on sport in Nevada. Bettors placed $193,871,795 in bets on basketball during August, an increase of 1,093% from July’s basketball handle of $16,250,000.

Baseball also saw a big jump, taking in $175,194,553 worth of bets, an increase of 168% from July’s $175,194,553.

The start of the NHL playoffs resulted in hockey seeing the biggest sports wagering increase from July to August. There was $52,423,077 wagered on hockey during August, up 11,654% from July’s $455,990. The NHL season restarted on Aug. 1 and the first round of the NHL playoffs began on Aug. 11.

With the NFL and the major college football seasons not starting until September, football saw just $2,178,878 wagered on in August. The total was a 91.6% increase from July’s $1,136,901.

Other sports, including everything besides football, baseball, basketball and hockey, saw $51,188,960 wagered in August. That’s a 36% decrease from July’s $80,338,733.

Betting News Articles

Latest Betting News

DISCLAIMER: Online Wagering is illegal in some Jurisdictions. It is your responsibility to check your local regulations before playing online. GDC Trading Ltd takes no responsibility for your actions.
© 2011-2020 KAX Media America Inc. All rights reserved. Registered with the New Jersey Division of Gaming Enforcement with Vendor ID #90927.
Terms and Conditions  |   Privacy Policy

Asset 4 Android GET IT ON facebook Download_on_the_App_Store_Badge_US-UK_RGB_blk_4SVG_092917 twitter