Nevada sportsbooks' August figures down YOY

By Dave Tuley  (VSiN.com senior reporter) 

September 30, 2021 07:19 AM
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Nevada sportsbooks won $14.3 million from bettors in August from a handle of $428.1 million, according to figures released Thursday morning by the state's Gaming Control Board.

The win was down 15.56 percent from August 2020 when everyone was rushing back to bet after the summer shutdown due to the COVID-19 pandemic and had basketball and hockey in addition to baseball, setting a handle record for the month of August at $475.1 million.

“The NBA regular season was completed and playoffs began in August 2020 due to the pandemic,” Michael Lawton, senior economic analyst for the GCB, stated in an email to VSiN. “This year’s NBA season concluded in June.”

This August, Nevada’s books only held 3.35 percent, which is lower than normal.

For the sake of comparison, New Jersey led the nation again with a win of $52 million from a handle of $664.7 million. That’s a 7.8 percent hold. But Nevada is still comfortably in the No. 2 position among the Top 5 states that have released figures for August:

1. New Jersey: $664.7 million

2. Nevada: $428.1 million

3. Pennsylvania: $348.5 million

4. Indiana: $215.6 million

5. Michigan: $208.6 million

Baseball led the way this August as Nevada books won $10.3 million, an increase of 13.74 percent from August 2020. The “other” category that includes all other sports before the Big Four of football, baseball, basketball and hockey – so it includes golf, auto racing, MMA, etc. – was next with a win of $5.4 million, an increase of 135.51 percent from last August.

The books lost $1.07 million on basketball in August, though that’s an accounting anomaly since we didn’t have NBA in August this year and the “loss” mostly comes from future-book tickets being cashed from the spring.

The football win was a mere $73,000 from a hold of just 0.17 percent. That was actually down 102.16 percent from last August when there weren’t any NFL preseason games.

For those curious how Nevada’s casinos are doing overall, Lawton shares the following:

“Nevada continued to record gaming win amounts in excess of pre-pandemic levels in August with $1.2 billion in win. This was up 22.3 perfect over 2019 and represented the sixth consecutive month that the state has recorded $1 billion in monthly gaming win. This is the second longest streak all-time (the longest streak for recording $1 billion in monthly gaming win is eight months, which occurred Nov. 2006 through May 2007). Strong demand across markets, federal stimulus, the continued rebound of leisure travel and the return of special events and entertainment continued to propel gaming win past 2019 levels, which are now 7.8 percent above Current Year to Date 2019.”

 

 

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