Nevada Sports Betting Handle Falls Behind New Jersey

Tuesday, 8 October 2019

Nevada, a long-time leader in sports betting and casino gaming, has fallen behind New Jersey in terms of total sports handle in August. The state took in additional 22.1% in sports wagers, amounting to $287.8 million overall, but that wasn’t enough to compete with the activity down in New Jersey. Meanwhile, online casino revenue dropped down to $952.4 million from $1 billion before. The gaming revenue constituted the lowest Nevada had generated since April, although it led to a 4.3% year-over-year increase. A total of $11.78 billion was placed in wagers. New Jersey led the way in August with sports handle hitting $293.6 million, or $18.7 million more than Nevada.

Excitement around college football and the National Football League (NFL) generated a significant interest and a significant uptick in activities, boosting year-over-year results by 110%. Overall $72.3 million was wagered. New Jersey also generated decent results from football betting, posting some $12.7 million as opposed to $6.7 million in revenue from baseball.

Author: Editor

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