Nevada January Sports Betting Handle Rebounds with Over $645M
Nevada sports betting bounced back in a solid way to start the new year.
After dipping in November and December, Nevada sportsbooks in January saw $646.5 million in total sports handle, an increase of 9.9% from December’s $588.5 million and up 28.7% from January 2020 ($502.3 million), according to official figures released Thursday by the Nevada Gaming Control Board.
January was the second-highest total for a month in Nevada, trailing October 2020’s $659 million.
The mobile sports betting handle in Nevada was $363.7 million, a modest increase of 3.3% from December’s $352.2 million and up a solid 47.9% from January 2020 ($245.8 million).
The total handle figure in Nevada includes both retail betting and online action. However, sports bettors in Nevada are required to register in-person at casinos. The mobile handle in Nevada was 56.3% of the total handle in January.
Nevada is currently the only state that requires in-person registration. Iowa’s requirement ended on Jan. 1, likely leading to its state handle record in January, and Illinois Gov. JB Pritzker has been suspending his state’s requirement month-to-month via executive orders.
Nevada Sports Betting January vs December
|Total handle||Mobile handle||Revenue|
|Change||Up 9.9%||Up 3.3%||Up 29.1%|
Other Key Nevada Numbers
The state’s sports betting revenue in January was $52.4 million, according to the report. That was up 29.1% from December’s $40.6 million and an increase of 159.9% from $20.2 million in January 2020.
January’s total gaming win was $761.8 million. A year ago, the mark was $1.04 billion.
By sport in January, Nevada saw $293.1 million in bets placed on on basketball and $288.3 million on football. Hockey rounded out the top three with $23.8 million. “Other” wagers posted at $37.2 million.
Nevada Still No. 1 in Super Bowl Betting
With Super Bowl betting in 2021 easily setting a record with more than $400 million wagered legally in the U.S, Nevada again led the way in betting on the biggest wagering event of the year. Although the numbers weren’t reflected in the January totals, it should give Nevada a good start in February.
Nevada Gaming Control Board figures show that $136.1 million was wagered in the state’s 184 sportsbooks on this year’s Super Bowl, which the Tampa Bay Buccaneers won 31-9 over the Kansas City Chiefs. The sports betting win was about $12.6 million and the hold percentage was 9.2%, according to the unaudited figures.
New Jersey was second with $117.4 million wagered on this year’s Super Bowl.
That 2021 figure in Nevada was obviously down because of capacity limits in place at casinos and sportsbooks. Last year for the Kansas City-San Francisco Super Bowl, the handle was $154.7 million with a $18.8 million win and 12.1% hold. The Nevada handle record was in 2018 for Philadelphia-New England $158.6 million ($1.2 million win, 0.7% hold).
Nevada vs. New Jersey Sports Betting Handle
|January 2021||$646.492M||$958.718M||NJ by $312.2M|
|December 2020||$588.493M||$996.311M||NJ by $407.8M|
|November 2020||$609.377M||$931.620M||NJ by $322.2M|
|October 2020||$659.899M||$803.096M||NJ by $143.2M|
|September 2020||$575.144M||$748.588M||NJ by $173.4M|
|August 2020||$474.948M||$667.979M||NJ by $193.0M|
|July 2020||$163.552M||$315.119M||NJ by $151.6M|
|June 2020||$78.152M||$165.015M||NJ by $86.9M|
|March 2020||$141.108M||$181.909M||NJ by $40.8M|
|February 2020||$491.706M||$494.814M||NJ by $3.1M|
|January 2020||$502.279M||$540.113M||NJ by $37.8M|
Nevada Still No. 2 Overall in U.S. Sports Betting
Although New Jersey failed to reach the coveted $1 billion mark for sports betting handle in January, it did have its third straight month of more than $900 million, with $958.7 million, easily outpacing Nevada. The record in New Jersey and nationally was December’s figure of $996.3 million.
Nevada will likely finish second with Pennsylvania third (and closing fast on Nevada) with $615.3 million in total sports betting handle, the first time Pennsylvania has topped $600 million. January could be the first month that total U.S. sports handle tops $4 billion. It was $3.77 billion in December.
Illinois in January could easily top $500 million for the first time after nearly reaching that figure in December. Illinois is usually the last state to report its sports betting figures for the month. Colorado also continued its upward trend on Thursday, reporting a state record $326.9 million in sports betting handle. That was the first time Colorado, which launched its sports betting market on May 1, 2020, surpassed $300 million for a month.
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