Nevada August betting revenue jumps 39.7% while slots hit total GGR

Mobile sports betting in Nevada was up 13% on 2023 to $14.8m, data from the Nevada Gaming Control Board shows.

Baseball reaped the highest revenue of all sports during the month, making up $9.7m of the vertical’s revenue in August, while American football betting hit $8.7m. However, hockey and basketball betting activity both generated losses for operators.

Betting across other sports generated $7.6m in additional revenue, with the Control Board noting that $14.8m of all wagering revenue came from mobile.

Meanwhile revenue from sports betting pools, which is counted under table games, jumped 38.9% year-on-year to $25m in August.

The Control Board does not disclose handle details for sports betting.

Nevada revenue down again in August

Total gambling revenue in the state slipped 3.8% year-on-year to $1.16bn (£869.8m/€1.04bn). The August total is also 7.7% behind the total posted in July of this year.

The primary reason for this decline was a drop in in-person slots revenue. For August, overall slots revenue fell 3.8% to $798.3m.

Double-digit declines were seen across one-cent, five-cent, 25-cent, one-dollar and five-dollar slots. However, multi-denomination slots, the main source of gambling revenue in the whole state, saw revenue climb 15.7% to $555m.

Mixed results for table games

Looking elsewhere in the market, revenue from table, counter and card games – including sports and racing pools – also dipped 3.8% to $365.5m.

Blackjack was again the main generator of revenue within this segment, collecting $105.9m for the month. This is 6.9% more than in August of last year.

Roulette revenue increased 22.9% to $49.0m, with growth also reported across three-card poker and Ultimate Texas Hold’em.

However, declines elsewhere hit the overall figures in Nevada. Baccarat revenue was down 34.3% to $76.3m, while craps revenue dipped 7.8% to $33.4m. Keno and Pai Gow revenue were also lower year-on-year.

Mississippi sports betting revenue rises in August

Away from Nevada and into Mississippi, taxable sports betting revenue here amounted to $3.2m in August. This is 18.5% higher than last year and 68.4% ahead of July this year.

According to the Mississippi Gaming Commission, total spend on wagering during the month hit $22.6m, some 5.6% higher than 2023. This meant an overall hold of 14.1% for the state.

Coastal casinos again took the most sports betting revenue, with this amounting to $2.1m, up 31.3% year-on-year. Handle at these casinos topped $13.7m, meaning a 15.2% hold for August.

Central casinos generated $566,774 in revenue, down 22.4% from last year. However, players spent $5.3m betting on sports at these casinos, meaning a 10.7% hold.

Finally, revenue at northern casinos hit $530,735, up 42.8%. With handle at $3.6m, this left a 14.8% hold for the venues.