Nevada sportsbook handle falls short of NJ in May

Nevada’s sports betting handle rose 0.6% year-on-year to $317.4m in May, though the state's total gambling revenue for the month was down 6.0% to $981.8m.

May marks the first time amounts wagered in New Jersey have surpassed stakes in Nevada. Earlier this month figures from the New Jersey Division of Gaming Enforcement revealed that bettors staked $318.9m in May, of which of which $263.6m was spent online. 

Nevada’s sportsbooks saw revenue decline sharply year-on-year, falling to $11.3m. The majority ($7.8m) came from baseball, with a further $4.5m coming from basketball, while a $2.4m loss on football drove down revenue. A further $1.3m was generated from betting on other events, along with $72,000 from parlay cards. 

Read the full story on iGB North America.