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Nevada sports books win $12.6 million in August from bettors, but down 62.89% from August 2017

Dave Tuley  
VSiN.com senior reporter

September 27, 2018 08:47 AM

LAS VEGAS – Nevada’s sports books won $12.6 million from bettors in August, according to figures released Thursday morning by the state’s Gaming Control Board, but that was down 62.89% from last August.

The state’s 191 sports books won the most from baseball bettors at $8.28 million, down 3.78 from August 2017, and were joined by football bettors (mostly due to the NFL preseason taking place that month) at $6.02 million, down 9.02% from last year.

Further eating into the book’s bottom line was a net loss of $1.244 million in the “other” category that includes all sports except football, basketball and baseball – so this is where the GCB lumps together hockey (which doesn’t take place in August), golf, soccer, auto racing, etc. That loss was 106.28% more than in August 2017, which included the Floyd Mayweather-Conor McGregor megafight on Aug. 26, 2017 with most Nevada sports books reporting record handle and win.

This was the 61st straight winning month for Nevada’s sports books with the last loss coming in July 2013. The Gaming Control Board releases its Gaming Revenue Report at the end of every month for the preceding month. Of course, everyone is more interested to find out how the bettors did against the books in September, but that won’t be released until around Halloween (the only time the GCB releases immediate gaming figures is the day after the Super Bowl).

The Gaming Revenue Report also includes reports on table games and slot machines, all of which dwarf sports betting. Of the table games, baccarat was the big winner in August at $92.6 million followed by “twenty one” aka blackjack at $80.5 million. The biggest winner of all every month is “penny slots,” which last month brought in a profit of $265.8 million; “multi-denomination” slot also profited $264.4 million, so between the two the casino coffers brought in more than half a billion dollars, which is more than 58% of the overall gaming win of $912.98 million (meaning the state’s casinos won $12.6 million on sports betting and $900 million on everything else).

Despite the impressive figures, the table game win was actually down 19.2% and slots were even down 1%, both of which can also probably be attributed to the lack of a megaweekend like we had in 2017 with the Mayweather-McGregor fight. That $912.98 "Total Gaming Win" for August 2018 was down 7.74%.

 

August 2018 Nevada Gaming Figures

Category                      2018 Win/Loss    %Change         Hold%

Overall                          $12,604,000          -62.89                 5.09

Football                        $6,024,000              -9.02                 15.45

Basketball                       -$901,000            -32.20               -15.22

Baseball                        $8,282,000             -3.78                4.72

Sports Parlay Cards      $442,000            76.02              10.72

Other*                            -$1,244,000         -106.28             -5.38

Horse Racing                $3,475,000           -3.85                15.67

%Change is compared to same month last year

Hold% is percentage the books won/lost from the handle in that category 

*Other includes hockey, golf, auto racing and all other sports except for horse racing.

 

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