The coronavirus scare is sports gambling’s worst nightmare. Virtually all major American sporting events have been canceled or postponed indefinitely. That means sports gamblers won’t have much to bet on, at least for a while. So, how long will this last and how bad will things get?
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Sports betting in Nevada saw revenue rise by a hefty 36% in January to $20.15m on handle of $502.5m according to the latest monthly statistics from the Nevada Gaming Control Board. A breakdown of that figure showed that mobile handle came to nearly $246m, almost 50% of the total. Mobile revenue was $11.2m, circa 55% of the total
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The first annual Circa Sports Million football handicapping contest exceeded all expectations, so the newest local sports book operator is doubling the guarantee for next year’s iteration.
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Nevada sportsbooks collected their second highest win total on the game in the last 10 years – nearly $18.8 million – after the Kansas City Chiefs defeated the 49ers, 31-20, in Miami.
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NFL draft prospects will arrive by boat and be introduced on a stage at the Fountains of Bellagio, a league official said today as he detailed plans for the three-day event that include closing parts of the Strip and Flamingo Road.
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Nevada gaming regulators Wednesday granted tentative approval to the joint venture between MGM Resorts International and UK-based GVC Holdings to set up a digital sports betting operation in the state. The partnership, which was announced in 2018, currently operates Roar Digital, a mobile wagering platform operating in New Jersey through the Borgata in Atlantic City. The app, BetMGM, launched in September.
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As more states authorize sports betting and the activity continues to go mainstream, the state of Nevada, for years prior to PASPA’s repeal the only true legal sports betting state in the country, appears prepared to give its industry a publicity boost.
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Two Cornhuskers recently teamed up to participate in the annual Westgate SuperContest, hosted by Westgate Superbook in Las Vegas, and showed off their talents in superior fashion. By the time the contest was over, they had converted $3,000 into $1.47 million.
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The Gaming Control Board said Friday that statewide gaming revenue fell for the second straight month. Previously, Nevada casinos recorded five straight monthly declines to begin 2019, which were followed by four straight monthly increases.
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Nevada sportsbooks may not always be the nationwide leaders in sports betting, but they’re not ready to concede their status as one of the industry’s leading players just yet. November saw bookmakers in the Silver State take more bets than ever before, with sportsbooks collecting $614.1 million in handle during the month.
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One day after Phil Ruffin’s acquisition of Circus Circus was approved by Nevada regulators, William Hill began sportsbook operations at the northern Strip casino.
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As the city has grown and its economy has become less centered on gambling with more family-oriented tourism and, increasingly, technology companies. After long shunning Sin City, the NFL two years ago gave the Raiders the green light to move here from Oakland.
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