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Nevada sports books win $20 million from bettors in May

By Dave Tuley  (VSiN.com senior reporter) 

LAS VEGAS – Nevada sports books won $20.476 million from bettors in May, a whopping increase of 590% from last May and 25.4% better than the $16.324 million win in April, according to figures released Friday morning by the state’s Gaming Control Board.

More than half of the May win came from baseball as the books won $10.8 million, which was much better from a down April (baseball win of $6.568 million) and a 63.37% increase from May 2017.

Basketball brought in $9.3 million, though that was down 311% from last year. Remember, the basketball category isn’t separated into college and pro, so it mostly includes the NBA playoffs in May, though it could be diminished some by late tickets being cashed from the college basketball season, specifically March Madness.

The books lost $69,000 in the “other” category, which includes hockey, and it was down 102.81% from last year when there wasn’t an NHL team in town. So, the loss can certainly be attributed to bettors riding the success of the Vegas Golden Knights on their run to the Stanley Cup Finals. It’ll be interesting to see what happens with the June numbers as the Golden Knights lost the only three games held after June 1.

 

May 2018 Nevada Gaming Figures

Category                      2018 Win/Loss %Change         Hold%

Overall                          $20,476,000      590.48              6.49

Football                        $380,000          -123.24             45.36

Basketball                     $9,300,000       -311.02             8.52

Baseball                        $10,805,000      63.37                7.30

Sports Parlay Cards      $61,000            -208.34             1.02

Other*                           -$69,000    -102.81             -0.13

Horse Racing                $5,332,000       3.58                  15.83

%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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