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Nevada sports books win $16 million in April

Dave Tuley  
VSiN.com senior reporter

May 31, 2018 10:35 AM

LAS VEGAS – Nevada sports books won $16.32 million from bettors in April, which was an increase of 8% from last April, according to figures released Thursday morning by the state’s Gaming Control Board.

The biggest win for the 189 licensed sports books was $8.64 million on basketball (note: the GCB doesn’t separate college and pro b-ball, but the only NCAA games were the men’s and women’s championship games, though this would also include paying out future-book tickets). The books also won $6.57 million on baseball (the first full month of the MLB season, though the win was down 35.35% from last year) and $4 million in the “other” category (which includes NHL and offers further anecdotal evidence of how well bettors have been doing on the expansion Golden Knights as the books’ win was down 28.82% from last April).

You might note that those three figures add up to more than the $16.32 million overall win, but the books lost $3.91 million on football. While we know our VSiN colleague Jonathan Von Tobel got off to a hot start in the Arena Football League, it’s still assumed the books’ losses were more due to paying out NCAA and NFL futures from last season.

The state’s 78 race books won nearly $2.88 million, which was down 11.25% from last year. The impact from Justify’s wins in the Kentucky Derby and Preakness won’t be seen until the May gaming figures come out at the end of June.

 

April 2018 Nevada Gaming Figures

Category                      2018 Win/Loss   %Change         Hold%

Overall                          $16,324,000               8.10                  5.17

Football                        -$3,912,000             17.57            -564.59

Basketball                     $8,644,000            123.59              7.04

Baseball                        $6,568,000           -35.35               5.25

Sports Parlay Cards      $1,019,000         425.64              14.59

Other*                           $4,007,000            -28.82               6.64

Horse Racing                $2,875,000            -11.25               15.46

%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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