NV sportsbooks bring in $38.1m in last month before shutdown

Nevada casinos brought in $1.04bn in revenue while sportsbook revenue grew to $38.1m in the last full month before the novel coronavirus (Covid-19) pandemic led to a near-total shutdown of casinos and global sport.

The state’s revenue of $1.04bn for February, up 3.1% year-on-year, came on total player stakes of $12.61bn in the last full month without casino closures in the US. In the second half of March, all commercial casinos in the US closed in order to limit the spread of the virus.

Bettors wagered $491.8m at Nevada sportsbooks, up 7.2% year-on-year but down 2.2% from January, and brought in $38.1m in revenue, up 6.3% from last year and 88.6% from January. This figure came on a full schedule of sporting events for the month, before almost all major sports globally were suspended in mid-March.

In the second month of reporting mobile figures, players wagered $218.7m on mobile devices, down 11.0%. Nevada casinos made $9.9m from mobile bets, down 12.3%.

Read more on iGB North America.