Nevada Gaming Control reveals huge month for sportsbooks

Nevada sportsbooks enjoyed the second biggest month in their history in October, the Nevada State Gaming Control has revealed.

They took $504.6 million in sports wagers and generated a win of $33.6 million on that, which is an increase of 21.8% on October 2014. It is also a marked improvement on the  $457.4 million in total wagers made in September 2015.

It is second only to the reported $535 million wagered on sports in November 2014, when Nevada sportsbooks won $32.4 million.

This time of year generally sees a sharp upturn in sports wagers with the NFL and college football seasons well underway. Football accounted for $397.8 million in bets, resulting in $23.6 million win for bookmakers in October.

The baseball season was drawing to a close and $59.4 million was wagered on that, leaving a win of $2.5 million.

Basketball generated around $16 million in bets, with sportsbooks win ending up at $1.6 million.

The big story in the NBA at the moment is the sensational form of the Golden State Warriors, who haven’t lost a regular season game since April 7, and books have started laying odds on who will be the first team to stop them.

Overall, casinos in Nevada took $888 million in October 2015.

Meanwhile Nevada attorney general Adam Laxalt has revealed his support for a nationwide ban on US online gaming.

Laxalt told journalist Jon Ralston that he intends to add his name to a letter from state attorneys general that support the passage of the Restoration of America’s Wire Act, a federal bill that would outlaw most forms of online gambling in the US, as supported by Las Vegas Sands CEO Sheldon Adelson.

Nevada Gaming Control Board chairman A.G. Burnett and Nevada governor Brian Sandoval have both voiced their disagreement with Laxalt’s position

 
 

 


 

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