Nevada Goes Back To Back Hitting $1B Sportsbook Handle

• Nevada sportsbooks set a new revenue record of $71.9 million in November.
• Sportsbooks handled over $1 billion in a month for the second time.
• More than half of the overall handle was from football-related wagers.
• Mobile sports bets accounted for 71.6% of the total handle.

LAS VEGAS – Nevada sportsbooks in November saw residents and tourists wager over $1 billion for the second month in a row.

Sportsbooks in Nevada just generated a record high amount of revenue as well, reportedly raking in just under $72 million.

That’s a 48.9% increase from the previous month’s revenue pull, and a 16.4% increase from the previous monthly sports betting revenue record from last year’s November.

• November 2021: $71,971,000
• November 2020: $61,807,000
• October 2021: $48,312,000

Despite an average hold rate of 6.14%, sportsbooks handled $1,086,010,454 in November – just 1.3% less than October’s all-time high record of $1,100,712,575.

Football Leads The Way

November had one less Sunday than October did but football still led the way. Over half of Nevada’s sports betting handle came from football-related wagers – specifically $558.6 million was wagered on football.

A 23.4% decrease from the $729.3 million wagered on football in October, the one less Sunday in November equates. However, that was made up for by the $376.1 million that Nevada residents wagered on basketball-related bets.

71.6% of Nevada’s November betting handle was made up of mobile bets, accounting for $777.2 million in total. The Nevada government was able to collect $93.6 million in tax revenue from November’s sports betting revenue.

News tags: Michael Lawton | Nevada