Nevada sports books won $7.94 million in April, including $6.71 million from baseball, a 49.66 percent increase from last April
Nevada sportsbooks took in a state record $123.1 million in basketball bets this April, according to the Nevada State Gaming Control Board, but earned just $2.1 million on hoops with a 1.71 percent hold for the month.
That was a 58.63 percent decrease in basketball winnings from April 2014 when Nevada sportsbooks won a record $5.08 million on hoops, with a hold of 5.31 percent on $95.8 million wagered across the state.
Basketball betting in April included regular season NBA action, a few other college postseason tournaments, two NCAA Final Four games and the National Championship. However, those basketball winnings may have been tempered by the Duke Blue Devils, one of the most publicly bet teams in college basketball, and their run to the national title. Duke was perfect against the pointspread in the NCAA tournament, including covering the spread in both the national semifinal and final.
“Duke winning probably didn’t help but I didn’t reach out on this one for definitive answers,” Michael Lawton, senior research analyst for the Nevada State Gaming Control Board, tells Covers, pointing out that bet volume (handle) was up 30.4 percent from last April.
Nevada books took in a record-breaking $375.5 million on NCAA and NBA action in March 2015, with approximately 70 percent of that handle on NCAA basketball. That led to a $27.9 million win off basketball betting in March on a win percentage (hold) of 7.44 percent – another state record for basketball win.
Overall, sportsbooks won $7.9 million on sports betting in April 2015. That’s a decrease from April 2014’s overall win of $9.2 million but more than the $5.7 million earned in April 2013. April 2015’s overall win was also slimmed by the more than $4.6 million in outstanding football wagers being cashed in during the month. Since the start of 2015 (January to April), Nevada-based sportsbooks have won almost $61 million.
The opening month of the MLB season was a home run for Nevada books, winning $6.7 million on baseball betting in April. Baseball bettors wagered nearly $93.8 million in April with Nevada sportsbooks celebrating a hold (win percentage) of 7.16 percent. Sportsbooks won $4.5 million on baseball in April of last year and $6.4 million in April 2013.
The category of “Other Sports” – which includes NHL, golf, racing, soccer, tennis, boxing and MMA - was also a money maker for Nevada books in April, putting more than $3.7 million into the books’ pockets. The 2015 Masters golf tournament was held between April 9-12 and is one of the biggest “Other Sport” events of the betting calendar. Last year, the category won $3.4 million for Silver State Bookmakers.
The Gaming Control Board reports that Nevada casinos won $897,925,088 overall in April 2015, a 5.39 percent increase from April 2014’s earnings of $851,977,865.
Nevada sportsbooks took in a state record $123.1 million in basketball bets this April, according to the Nevada State Gaming Control Board, but earned just $2.1 million on hoops with a 1.71 percent hold for the month.
That was a 58.63 percent decrease in basketball winnings from April 2014 when Nevada sportsbooks won a record $5.08 million on hoops, with a hold of 5.31 percent on $95.8 million wagered across the state.
Basketball betting in April included regular season NBA action, a few other college postseason tournaments, two NCAA Final Four games and the National Championship. However, those basketball winnings may have been tempered by the Duke Blue Devils, one of the most publicly bet teams in college basketball, and their run to the national title. Duke was perfect against the pointspread in the NCAA tournament, including covering the spread in both the national semifinal and final.
“Duke winning probably didn’t help but I didn’t reach out on this one for definitive answers,” Michael Lawton, senior research analyst for the Nevada State Gaming Control Board, tells Covers, pointing out that bet volume (handle) was up 30.4 percent from last April.
Nevada books took in a record-breaking $375.5 million on NCAA and NBA action in March 2015, with approximately 70 percent of that handle on NCAA basketball. That led to a $27.9 million win off basketball betting in March on a win percentage (hold) of 7.44 percent – another state record for basketball win.
Overall, sportsbooks won $7.9 million on sports betting in April 2015. That’s a decrease from April 2014’s overall win of $9.2 million but more than the $5.7 million earned in April 2013. April 2015’s overall win was also slimmed by the more than $4.6 million in outstanding football wagers being cashed in during the month. Since the start of 2015 (January to April), Nevada-based sportsbooks have won almost $61 million.
The opening month of the MLB season was a home run for Nevada books, winning $6.7 million on baseball betting in April. Baseball bettors wagered nearly $93.8 million in April with Nevada sportsbooks celebrating a hold (win percentage) of 7.16 percent. Sportsbooks won $4.5 million on baseball in April of last year and $6.4 million in April 2013.
The category of “Other Sports” – which includes NHL, golf, racing, soccer, tennis, boxing and MMA - was also a money maker for Nevada books in April, putting more than $3.7 million into the books’ pockets. The 2015 Masters golf tournament was held between April 9-12 and is one of the biggest “Other Sport” events of the betting calendar. Last year, the category won $3.4 million for Silver State Bookmakers.
The Gaming Control Board reports that Nevada casinos won $897,925,088 overall in April 2015, a 5.39 percent increase from April 2014’s earnings of $851,977,865.
