Nevada books won $6.3 million in July as more sports returned
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Nevada sportsbooks won nearly $6.3 million from bettors on a handle of $163.6 million, which more than doubled June’s $78.2 million in handle, according to figures released Wednesday morning by the state’s Gaming Control Board.
The numbers were boosted by the return of major team sports as MLB finally started its season on July 23 and the NBA resumed its season on July 30 (the NHL didn’t return until Aug. 1), but the “other sports” category was the most profitable for the books during the month with a win of $5.46 million.
The books won $4.36 million on baseball from an impressive $65.3 million in bets even though MLB regular-season games took place on only the last nine days of the month. The July handle was almost six times the handle of $9.7 million in baseball bets in June, which was mainly on the Korea Baseball Organization.
Basketball accounted for a July handle of $16.3 million, up from $5.6 million in June, but the books lost a reported $26,000 while hockey was a $109,000 loss for the books. These “losses” are a result of people cashing past winning tickets or refunded wagers that were paid off.
The same thing happened with football (nearly $3.37 million loss in July). However, things are looking up for the football figures with the NFL season coming in September, though the books are missing out on the preseason games that we usually have in August. College football handle will also be down with several conferences canceling their fall seasons.
With more casinos re-opening and bettors (both locals and visitors) more comfortable betting in person again, mobile betting dipped to 69% of the handle after it was 79% in June. Nevada, with its longer tradition of legal sports betting, has been bypassed by other states that have started with the most recent technology.
For comparison’s sake, mobile wagering accounted for 94% of New Jersey’s $315.1 million handle in July. Yes, that’s nearly double what Nevada handled, and was an increase of 91% over June’s handle.
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