Nevada Sportsbooks Set New Revenue Record Thanks to September Surge

Rank
Bonus
Rating
Visit
1
100% up to £100
18+, opt-in required. Deposits with Skrill, PayPal, Neteller and Paysafecard not eligible. Casino bonus: min. £10, max. £100. Bonus/free spins winnings wagering requirement: x 35. Max. bonus bet: $7.50, €7.00, £5.00, can vary. begambleaware.org
2
150% up to £500
New Players only, 10 Spins on Signup only on Starburst, 100 x Wagering on winnings, SMS Validation reg, No Deposit required, T&C's Apply. Welcome Bonus on first 3 deposits only, Min deposit £10, Max Bonus £500 + 100 Spins on Cleopatra, Selected slots only, 4 x Conversion, 30 x Wagering, T&C's Apply.
3
100% up to £5 No deposit
New players only. Max conversion £20. Selected slots only. SMS validation required.No deposit required. 100 x wagering. T&CS apply.18+
4
100% up to £50
£10 minimum deposit required to qualify for a 100% match bonus + 25 Free Spins. Maximum bonus is £50. 25 Free Spins for Gringos Dineros per player. Free spins are valid for 7 days. Free spins winnings paid in bonus and capped at £2.50. 18+
5
100% up to 25 Free Spins
New Games customers only. Sign up using promo code ‘GAMES’. Deposit and stake £5 or more to receive 25 Free Spins on selected games. Free Spins credited within 24 hours. Free spin equal to 20p per spin. The 25 free spins are only available on games Genie Jackpots, King Kong Cash, The Naked Gun or Ted. Any winnings from free spins will be paid as cash. Free Spins expire after 7 days. No wagering requirements applicable to free spins. E-Wallet & Prepaid Card restrictions apply. SMS validation may be required.Full T&Cs apply.
6
300% up to £30
18+. New customers only. Min £10 total stake on qualifying games. £10 Bonus, subject to 24x wager req. £10 Free Spins (20p each). £10 Golden Chips (£1 each). PayPal, certain deposit types and countries excluded. All bonuses valid for 30 days (bonus and winnings removed) on selected games.T&Cs Apply
7
150% up to £150
New players only. Wagering occurs from real balance first. 20 x wagering any winnings generated from free spins, contribution may vary per game. The wagering requirement is calculated on bonus bets only. Free spin is valid for 7 days from issue. Max conversion: £/$/€ 5 or 50 kr. Full Terms apply. Full Terms apply.
8
150% up to £/$/€950 + 95 Free Spins
New Players Only. Wagering occurs from real balance first. 50 x wagering the bonus or any winnings generated from free spins, contribution may vary per game. The wagering requirement is calculated on bonus bets only. Bonus is valid for 30 Days/ free spins valid for 7 days from issue. Max conversion: 5 times the bonus amount or from free spins: $/£/€ 20 or 200 kr. Full Terms apply.

While Nevada is no longer the only game in town when it comes to legalized sports betting in America, that doesn’t seem to be hurting the bottom line of sportsbooks in the Silver State. According to a revenue report released Tuesday by the Nevada Gaming Control Board, sportsbooks in the state won $56.3 million in September, the most money Nevada bookmakers have ever made in a single month.

Nevada sportsbooks record

Bettors wagered a record amount at Nevada sportsbooks in September, with the bookmakers winning a record $56.3 million as a result. (Image: Reuters/Las Vegas Sun/Steve Marcus)

The huge win was powered mainly by football, with college and NFL pigskin bringing in $44.3 million in profits during the month.

Nevada bookmakers also took in a record handle of $571 million in September. That beats the previous record of $565 million in bets collected in October 2017.

Rising Tide Lifts All Boats

These numbers come during the first month of the first NFL season in which other states also have legal, single-game betting. But despite the fact that sportsbooks in New Jersey, Delaware, Mississippi, and other states gave bettors plenty of options for placing money on football games, some officials said they weren’t surprised that the higher profile of sports betting in the USA led to increased wagering in Nevada even with the added competition.

“We felt that the expansion of sports wagering could have a positive effect on our business with increased acceptance and exposure,” NGCB senior research analyst Michael Lawton told the Las Vegas Review-Journal. “It is very early. However, this month would support that theory.”

The revenue mark beat the previous record win of $53.3 million in a month, which happened in September 2012.

The results also mean that Nevada sportsbooks have now made a profit for 62 straight months, with the last losing month coming in July 2013, when bettors came out ahead by a slim $548,000 margin.

Nevada Still Outpaces New Jersey, For Now

In comparison, the relatively young New Jersey sports betting market brought in only about $24 million in winnings on $183.9 million in betting during September. However, that was still easily the biggest month so far in the Garden State, with both live and online betting still expected to experience strong growth in the months to come.

Given the larger population of New Jersey and its proximity to the New York City metro area, many expect it to eventually become a larger sports betting market than Nevada. However, the fact that Las Vegas is a much larger tourism draw than Atlantic City – not to mention the coming competition from sportsbooks in neighboring Pennsylvania – could put some limits on New Jersey’s growth, at least in the near future.

Though it’s still too early to say for certain, it seems unlikely that new records will be set when the October revenue numbers are released. According to an ESPN report, many Nevada sportsbooks have reported losing to bettors on each of the past two NFL Sundays, with some saying that this past Sunday was the worst yet of the NFL season.

The post Nevada Sportsbooks Set New Revenue Record Thanks to September Surge appeared first on Casino.org.

Original source: https://www.casino.org/news/nevada-sportsbooks-set-new-revenue-record-with-september-surge

About the Author: AC

A player on the Horses for over 20 years. I currently bring my expertise in Sports betting to maintain and promote my related websites. I'm always looking out for the next angle to talk about on my sites and improve on my and ultimately your betting success. Good luck to all.

You May Also Like

Leave a Reply

Your email address will not be published. Required fields are marked *