Nevada sets new betting revenue record as handle reaches $1bn again in November

| By Daniel O'Boyle
Sports betting revenue in Nevada reached a new record total of $72.0m, while handle exceeded $1bn for the second consecutive month in November, as total gaming revenue reached $1.32bn.

The month saw the US welcome international travellers from a number of countries for the first time since March 2020, after travel restrictions related to the Covid-19 pandemic were eased.

Players staked $1.09bn on sports in the month, down slightly from October’s $1.10bn but up 90.4% from the previous November.

From this total, sportsbooks took in $72.0m in revenue, up 16.5% from the previous record, set in November of the prior year.

Of the sports betting revenue total, just under half, at $35.0m, came from mobile bets. Mobile handle, however, far eclipsed the retail total, at $777.2m.

American football was by far the most popular sport for betting, as players wagered $558.6m and operators took in $53.1m, though this was down by 5.2% from November 2020. Basketball followed with $10.2m in revenue on bets worth $376.1m. Bets on hockey and other sports each brought in $2.9m, while parlay revenue came to $4.4m.

Overall gaming revenue in Nevada came close to the record $1.36bn set in July, but fell just short with $1.32bn. This total was up 71.4% from the previous year, and the ninth consecutive month in which revenue surpassed $1bn.

As usual, most of this total – $859.9m – came from slots, on which players staked $11.42bn. Multi-denomination slots were the most popular slot game, bringing in $412.5m, while penny slots brought in $328.2m. 

Table games, meanwhile, brought in $486.2m, which was up by 131.0% from November 2020. Blackjack was easily the highest-earning table game, bringing in $124.6m in revenue as players staked $786.8m. Baccarat followed, with $94.3m in revenue from bets worth $738.6m.

Roulette brought in $3645m and craps $40.7m.

In Clark County, which includes Las Vegas, revenue came to $1.16bn, falling short of July 2021’s record by less than $2.5m but up 81.3% from November of the prior year.

On the Las Vegas Strip, meanwhile, revenue came to $755.1m, less than July’s total but up 115.9% year-on-year.

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