Wednesday, May 11, 2016

Nevada Sports Betting To Approach $5B In 2016NO Deposit bonus $43

Thanks to record handle in March, Nevada’s sports betting handle is projected to achieve nearly $5 billion this year, consistent with a report from the Las Vegas Review-Journal.

The continued growth of Nevada sports betting comes at a time when lawmakers on Capitol Hill are starting to feel pressure to have a look at reform to existing sports betting law. A 1992 federal statute limits sports betting to only a couple of states, with Nevada being the one jurisdiction to run with the activity.

Sports books in Nevada saw an all-time high $458 million bet in March. That followed February’s $363 million and roughly $450 million that was wagered in January, which was the former record.

Last year, Nevada sports books took $4.2 billion in bets, an all-time high for the Silver State casino industry. It was the primary time ever that the handle surpassed $4 billion.

Nevada sports books won 5.47 percent of these wagers. The $231.8 million in revenue was also the most efficient ever for the sports books. The state had 196 sports betting locations in 2015, up from 190 the former year.

Overall Nevada gaming revenue in 2015 was $11,114,081,000, this means that sports betting was 2.09 percent of the overall gaming win. That was also an all-time high, in line with research from the University of Nevada Las Vegas.

Sports betting’s growth also comes at a time when gaming win as a percentage of total Nevada casino industry revenue is at a historic low.

In order to arrange for a potential way forward for legal and controlled sports betting nationwide, Nevada gaming regulators and sports books are allowing gamblers so as to use their online sports betting accounts to some degree when located outside of the Silver State.

The growing approval for sports betting, in addition to one NFL owner’s pursuit of moving his team to Las Vegas, has prompted the NFL to concede that its anti-gambling position is evolving.



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