Nevada Sportsbooks Have Another Big Month, With $363 Million In Handle
Dustin Gouker, March 30, 2016
February, the NFL and sportsbooks, at a glance
It was another good month for Nevada’s sportsbooks, which took the most bets for any February on record, with a handle of about $363 million.
The books won nearly $28 million across all sports. Revenue was also up, year-over-year:
The Super Bowl between the Denver Broncos and the Carolina Panthers was a big part of that. Preliminary figures on just the Super Bowl showed $132.5 million wagered on the game itself, with the books holding $13.3 million.
Other sports and betting in February
It was also a big month for basketball wagering, featuring the middle of the NBA season and the end of the college basketball regular season. More than $204 million was wagered on basketball in February, with about $13.4 million staying with the books.
About $28 million was wagered on all other sports (not football and basketball) combined, with books winning about $2 million.
The full numbers can be seen here.
The upward trend continues for Nevada
The last few months have brought new high-water marks for the sportsbooks:
The amount wagered in March — typically another strong month because of March Madness and the NCAA men’s basketball tournament — should provide another good indicator for the rest of the year.
http://www.legalsportsreport.com/9346/nevada-february-sportsbook-handle-and-revenue/
Dustin Gouker, March 30, 2016
February, the NFL and sportsbooks, at a glance
It was another good month for Nevada’s sportsbooks, which took the most bets for any February on record, with a handle of about $363 million.
The books won nearly $28 million across all sports. Revenue was also up, year-over-year:
The Super Bowl between the Denver Broncos and the Carolina Panthers was a big part of that. Preliminary figures on just the Super Bowl showed $132.5 million wagered on the game itself, with the books holding $13.3 million.
Other sports and betting in February
It was also a big month for basketball wagering, featuring the middle of the NBA season and the end of the college basketball regular season. More than $204 million was wagered on basketball in February, with about $13.4 million staying with the books.
About $28 million was wagered on all other sports (not football and basketball) combined, with books winning about $2 million.
The full numbers can be seen here.
The upward trend continues for Nevada
The last few months have brought new high-water marks for the sportsbooks:
- January was a record month as well, with nearly $450 million wagered.
- That came on the heels of a record 2015, which featured $4.2 billion in handle.
The amount wagered in March — typically another strong month because of March Madness and the NCAA men’s basketball tournament — should provide another good indicator for the rest of the year.
http://www.legalsportsreport.com/9346/nevada-february-sportsbook-handle-and-revenue/
