Nevada June Sports Betting Handle, Revenue Show Recovery
Nevada’s sportsbooks had a healthy month in June as Las Vegas welcomed tourists in a wide-open environment that saw casinos and other public places free of COVID-related protocols, such as capacity limits, masks and social distancing.
Of course, at least one of those restrictions, the face coverings for everyone indoors regardless of vaccination status, is returning for August because of jumps in COVID statistics.
On the sports wagering front, Nevada’s sportsbooks had a handle of about $545 million in June, up 14.3% from May ($477 million). The increase in handle was particularly noteworthy because May’s calendar was set up for robust numbers.
There were five full weekends of Nevada gambling in May, with one of them being the long Memorial Day weekend. Meanwhile, June’s calendar was more typical with four full weekends.
However, Las Vegas also saw two important events in June: The debut of Resorts World Las Vegas, the first major casino opening on the Strip in a decade, and the city’s first major conference-trade show since the pandemic, World of Concrete.
Regarding sports betting revenue, Nevada’s sportsbook operators saw about $29.2 million in revenue, up 7.8% from May ($27.08 million). From the bettors’ perspectives, the hold was about 5.35%, perhaps slightly on the lower end of the normal range.
It was a strong retail sportsbooks performance that drove the June numbers, although online betting also saw a month-to-month jump. For June, Nevada’s retail sportsbooks enjoyed $231 million in handle, about a 31% jump from May ($178 million). Online handle of $314 million was also an increase, albeit more modest, of about 5.5% above May ($298 million).
The June mobile handle of $314 million was 57.6% of the total sports betting money wagered. In May, the mobile handle was 62.4% of the total handle and in April, mobile handle was 64.8% of the total.
Nevada Sports Betting June vs. May
|Total handle||Mobile handle||Revenue|
|Change||Up 14.3%||Up 5.5%||Up 7.8%|
Retail Rules in Nevada
In some other jurisdictions, mobile can be more than 80%, sometimes even more than 90% of the total sports handle but Nevada is a different story. Las Vegas — with its large, exciting casino sportsbooks — offers a far more active retail sports betting environment than other sports wagering states and the rush of returning visitors in Vegas obviously helped propel the retail sports betting side in June.
New Jersey sports betting is one of those jurisdictions where online sports wagering is the undisputed king. In Jersey for June, mobile was 89.1% of the state’s total sports betting handle of about $767 million. New Jersey is also the top jurisdiction in the U.S. for total sports handle, a distinction it wrested from Nevada.
Nevada vs. New Jersey Sports Betting Handle
|June 2021||$545.368M||$766.888M||NJ by $221.520M|
|May 2021||$477.191M||$814.271M||NJ by $337.08M|
|April 2021||$458.210M||$747.987M||NJ by $289.777M|
|March 2021||$640.985M||$859.618M||NJ by $218.633M|
|February 2021||$554.058M||$742.953M||NJ by $188.895M|
|January 2021||$646.492M||$958.718M||NJ by $312.226M|
|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|
Baseball Betting No. 1 in Nevada
Among sports, baseball betting was the leader in Nevada for June with $226.24 million in handle, followed by basketball, $193.95 million; “other,” $80.49 million; hockey $44.01 million; football, $566,626, and parlay cards, $105,150.
As Nevada, in general, and Las Vegas, in particular, mostly threw open the doors in June, welcoming tourists and locals, total gambling win was $1.19 billion (the fourth straight month over $1 billion). That was down from May’s record $1.23 billion, but as previously mentioned, the May numbers were buoyed by a generous calendar with five weekends and the Memorial Day holiday. The May figure was also a single-month high for Nevada.
If the calendar is the deciding factor, the July figures should also be strong. The month had five Fridays, five Saturdays and four Sundays with the July Fourth weekend included — and there were no COVID restrictions on visitors. It remains to be seen what the financial impact will be with the return of indoor masking for all.
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