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Nevada sports books win just $4 million in dog days of July

By Dave Tuley  (VSiN.com senior reporter) 

August 30, 2018 09:53 AM

LAS VEGAS – The state’s sports books won just $4.06 million from bettors in July – compared to $20 million wins in May and June – mostly due to a relatively light schedule during the dog days of summer.

Baseball dominates the month of July, which comes after the NHL and NBA seasons are completed in June and before NFL preseason games start in August. The majority of the book’s win comes from baseball as they profited $3.77 million, an increase of 122.97% from last July.

The overall win was also up 674.44% compared to July 2017, mostly thanks to the “other” category profiting $2.92 million, which is partly due to the World Cup knockout round taking place in early July.

Before anyone points out that baseball and “other” combined for nearly $6.7 million in profits (yet the overall win was just $4.06 million), let me direct you to the basketball results as the books lost $3.16 million. While there was some NBA Summer League action last month, most of that “loss” is from bettors who didn’t get around to cashing regular-season and playoff tickets until July.

 

July 2018 Nevada Gaming Figures

 

Category                      2018 Win/Loss     %Change         Hold%

Overall                            $4,061,000            674.44               1.66

Football                             $418,000             -33.36            21.08

Basketball                     -$3,163,000           -19.88             -26.29

Baseball                         $3,779,000             122.97                2.18

Sports Parlay Cards       $107,000            196.71                 2.01

Other*                            $2,920,000             38.66                5.57

Horse Racing                 $3,179,000             -12.65               15.70

 

%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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