Nevada smashes handle record with $1.10bn staked in October

| By Daniel O'Boyle
Nevada set a new monthly record for sports betting handle in October, as total gaming revenue across the state grew 48.5% to $1.22bn.

The state’s betting handle easily eclipsed last month’s record of $787.6m. However, the figure fell short of the $1.30bn wagered in New Jersey in the same month, which remains the highest total ever wagered within a single state in a month.

However while handle was up 66.9% from October 2020’s then-record figure, betting revenue rose more modestly, by 14.0% to $48.3m.

Football accounted for the majority of the state’s betting revenue and handle, at $32.6m and $729.3m, respectively. Baseball followed with $4.2m while parlay cards brought in $4.3m.

Mobile betting brought in $16.9m of the state’s sports betting revenue, with players wagering $703.8m online.

Total gaming revenue for the state of Nevada came to $1.22bn, up 39.8% from October 2020.

Slots made up most of this total, bringing in $790.4m, 39.8% more than 2020, as players staked $11.69bn. Multi-denomination slots were, as usual, the most popular type of machine, bringing in $367.6m, with a further $312.9m coming from penny slots.

Table, card and counter game revenue – which includes sports betting – came to $431.0m, a 67.8% year-on-year rise. 

This figure included $115.4m in revenue from blackjack, up 91.8%. Revenue from baccarat also rose quickly, by 55.4% to $92.4m, and roulette revenue more than doubled to $40.4m.

Looking just at Clark County, which includes Las Vegas, total gaming revenue was $1.06bn, up 57.3% from 2020. On the Las Vegas Strip, meanwhile, revenue came to $702.2m, a 86.9% jump from October 2020. 

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