Nevada Sports Betting Sets New Record with $1.10 Billion Wagered in October

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The state’s sports betting handle reached a new high, surpassing the previous record of $787.6 million set last month. However, it fell short of New Jersey’s outstanding $1.30 billion wagered in the same period, which remains the highest ever wagered within a single state in a month. Nevertheless, the handle saw a significant increase of 66.9% compared to October 2020. In terms of revenue, sports betting showed a more modest growth of 14.0%, totaling $48.3 million.

Football dominated the betting scene, contributing the majority of both revenue, with $32.6 million, and handle, with $729.3 million. Baseball followed with $4.2 million in revenue, while parlay cards brought in $4.3 million. Notably, mobile betting played a significant role, generating $16.9 million of the state’s sports betting revenue. Online wagering amounted to $703.8 million.

In the state of Nevada, total gaming revenue reached $1.22 billion, representing a 39.8% increase compared to October 2020. Slots accounted for the largest portion of this total, generating $790.4 million, a substantial growth of 39.8%. Players staked a staggering $11.69 billion on slot machines, with multi-denomination slots being the most popular type, accumulating $367.6 million in revenue. Penny slots also contributed significantly, generating $312.9 million.

Table, card, and counter games, which include sports betting, exhibited an impressive year-on-year rise of 67.8%, generating revenue of $431.0 million. Blackjack revenue stood out, experiencing a remarkable surge of 91.8% and totaling $115.4 million. Baccarat revenue also increased significantly by 55.4% to $92.4 million. Furthermore, roulette revenue more than doubled to $40.4 million.

Examining Clark County, which encompasses Las Vegas, total gaming revenue reached $1.06 billion, marking a substantial growth of 57.3% compared to the previous year. On the iconic Las Vegas Strip, revenue reached an impressive $702.2 million, a remarkable 86.9% surge from October 2020.

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Jemma Wiggins is a prolific writer specializing in the dynamic world of gambling and online gaming. With a rich background spanning over ten years, Jemma brings a unique blend of expertise and enthusiasm to her writing. She excels in crafting compelling content that covers a wide array of topics, including casino reviews, sports betting insights, poker strategies, and the latest developments in online gambling. Jemma's work is renowned for its clarity, depth, and practical advice, making complex subjects accessible to readers of all levels. Her articles are a go-to source for accurate information, strategic guidance, and thoughtful analysis, helping her audience stay ahead in the ever-evolving gaming landscape.
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