Nevada casinos pick up $20 million in June sports bets
Last week, Nevada reported on the revenue generated from sports betting activity in the state for June, and casinos are doing well. They took in $20.1 million from sports bets for the month, an increase of 27% over the same period in 2017. Over half of the amount came from wagers on baseball.
Sportsbooks reported $56.9 million in revenue for the most recent three-month period, an increase of 68% year-on-year. During the 12 months from July 1, 2017, to June 30, 2018, the state’s 190 sportsbooks earned $281.6 million, a jump of 23% over the same period from 2016 to 2017. The revenue takes mark a trend by the sportsbooks that has continued for the past five years, with only one red month seen all the way back in 2013.
Despite being driven by the sport, baseball gambling actually dropped in June. Last year, sportsbooks posted earnings of $14.9 million against $207 million in bets; however, this past June, they only took in $11.6 million. It was only the fifth month ever that Nevada sportsbooks captured over $10 million on MLB games.
Football and basketball dropped while other sports, such as the World Cup, tennis and golf, helped improve the sportsbooks’ take. They collectively drew around $64 million with sportsbooks taking in $7.77 million of that amount.