Nevada December sports betting revenue grows 12% yoy

Nevada sportsbooks earned $40.6m in December 2020, a year-on-year improvement of 11.7% even as the state’s casinos saw total gaming revenue tumble.

he Nevada Gaming Control Board released December gaming figures Thursday.

Sports betting handle reached $588m, up 3% from a year ago. However, handle fell 3.5% from November, when sportsbooks accepted $610m of wagers.

Football accounted for $372m of December’s sports wagers and $25.9m of sportsbook win.

For the year, Nevada sportsbooks generated $4.3bn of handle, down 19.5% from 2019’s total of $5.3bn. Annual sports betting revenue fell to $263m, a y-o-y decline of 20.2%.

The NGCB did not report sports wagering figures for the months of April and May, when bettors would have been able to place wagers from mobile devices on limited sporting events such as table tennis.

Looking beyond the sportsbook, Nevada’s total casino gaming win for December was $684m, a decrease of 35.4% y-o-y.

Casino gaming revenue also fell 11.3% from November’s haul of $771m.

The Las Vegas Strip saw an outsized drop off in win, with revenue there falling 50.1% from the same month a year prior. December is often one of the busiest months of the year in Las Vegas with the Professional Bull Riders World Finals in town, but in 2020 the PBR moved its event to Texas.

Clark County revenue fell 39.3% for the month, while downtown Las Vegas was down 27.9%.

Washoe County, home to Reno, fared better than its southern counterparts, with win falling 11.8%.

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