Nevada sports betting had a hefty November with a record setting total of $614.1 million in sports betting wagers. Gaming officials in Nevada said this week, in spite of a great month for sports betting, casino traffic was down by 3.4%. The particular game that had an extremely disappointing showing was the Baccarat games. There were other games that also came in below last year’s figures, such as blackjack and slot machines. The Roulette wheels and craps, performed slightly better than last year.
The big winner hands down was sports betting, which is now legal in about 12 other states besides Nevada. Sports betting in Nevada took in $614.1 million in just the month of November. That was an increase from the highest prior month which was March with a total of $596.7 million. Those numbers were enough to beat out high performing sports betting state of New Jersey. The Garden State had a very impressive November, it took in a total of $562.7 million for sports betting. The good news for New Jersey is that, they were able to keep a higher amount of their bets in November then Nevada did. New Jersey kept $32,9 million of their bets. While Nevada kept $31 million of their sports betting wagers.
Overall Nevada Will Probably Come Out Ahead For Final Numbers For 2019
Even though casino revenue was down a bit in November, Nevada is on tap for bringing in impressive final figures for 2019. In 2018 Nevada Casinos reported revenue of $11.9 billion, which was their third highest-grossing month on record. Nevada is expected to close a merger deal with DraftKings in 2020, making sports betting even more lucrative for the state. Some gaming experts thought that Nevada would be taking a huge hit as other states were able to launch sports betting.
However, that doesn’t seem to be the case thus far. No state has ever had a one month total over $600 million. The $614 billion for November is quite a feat, experts say Las Vegas has visitors regularly from all over the world, more so than any other state. There will always be some competition from other states, as they fine-tune their sports betting platforms.
Las Vegas Betting Has Been Able To Hold Their Own Even As Other States Opened Casinos
Nevada was the first state in the country that had legalized gambling, namely casinos. The first casino was built along the Nevada California border in 1926. The Cal Neva Lodge and Casino, has changed hands several times through the years, and currently is the oldest casino in the United States. The casino was once owned by legendary singer and actor Frank Sinatra, who bought it in 1960. He bought it with fellow entertainer and close friend Dean Martin and Chicago mobster Sam Giancana.
President John Kennedy regularly vacationed there when he was president. When the DraftKing sports betting merger is complete in 2020, Nevada is expected to bring in astronomical sports betting revenues.
Check some articles from other states.
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