{"id":4821,"date":"2019-03-03T02:20:13","date_gmt":"2019-03-03T07:20:13","guid":{"rendered":"https:\/\/www.realmoneygambling.com\/news\/?p=4821"},"modified":"2019-03-03T02:20:13","modified_gmt":"2019-03-03T07:20:13","slug":"nevadas-sports-betting-handle-grows-in-january","status":"publish","type":"post","link":"https:\/\/www.realmoneygambling.com\/news\/nevadas-sports-betting-handle-grows-in-january\/","title":{"rendered":"Nevada's Sports Betting Handle Grows in January"},"content":{"rendered":"\n\t\t\t\t\n

January was an interesting month for Nevada<\/strong>‘s sports betting industry. On the one hand, the sports\nhandle managed to soar all the way up to $497 million, hitting a significant\nuptick since December. On the other, revenue slid slightly. It wasn’t bad news\nfor gamers by any stretch. Lower revenue for sportsbooks meant only one thing \u2013\nmore money paid out to bettors, even if it also meant that NJ was getting closer to catching up<\/a>.<\/p>\n\n\n

Looking at the numbers up close, the total sports betting\nrevenue shrunk by $14.7 million<\/strong>, or\nnearly 42% compared to January 2018. The handle, though did soar by quite a\nfair bit, the Nevada Gaming Control\nBoard<\/strong> revealed.<\/p>\n\n\n

Last year, bettors placed $418.6 million in total wagers<\/strong>, but this year, they have pushed\nthat amount to $497 million, making for a very vibrant betting climate. NFL\nbetting led the way with 5.52% increase year on year. The total handle placed\non football games reached $188.26\nmillion<\/strong>, beating the 2018 performance.<\/p>\n\n\n

Interestingly, though, bettors didn’t turn much profit out\nof placing NFL wagers, registering 4.13%-win rate overall.<\/p>\n\n\n

January Marks a\nSuccessful Quarter<\/strong><\/h2>\n\n\n

January was indeed quite the successful month for Nevada, as\nthe total handle in the three months to January was quite impressive. The state\nalso generated nearly $58 million in revenue, betting on football alone. <\/p>\n\n\n

Betting on NFL play-offs and Super Bowl saw a 40%\nyear-over-year increase, marking one of the most significant developments in\nthe sports betting handle. Of course, not all was well across the board and\nsome sports underperformed in terms of betting handle.<\/p>\n\n\n

Basketball<\/a>\ngames saw a 62% decrease, because of matches being decided fairly quickly and\nfavorites taking a marked lead. Another loser were Major League Baseball (MLB)<\/strong> games slump. This is not surprising\ngiven MLB’s own anti-betting stance.<\/p>\n\n\n

The League has been asking individual states to\nlimit betting on MLB games<\/a> lest that influences the contests. The results\nhave been mixed. In Nevada, the Control Board has told the MLB that no such\nmatter would be taken under consideration.<\/p>\n\n\n

Back in Pennsylvania, though, where the industry is only now\nbeginning to prepare for a launch, the\nPennsylvania Gaming Control Board (PGCB)<\/strong> has said that it will consider\nlimiting the availability of MLB bets lest that impact the league’s try-outs\nnegatively.<\/p>\n\n\n

Meanwhile, Nevada can definitely boast significant results\nin January, with the total gambling revenue hitting the impressive $984\nmillion, a very significant number, placing Nevada at the helm of the United\nStates’ newly-regulated market and expanding iGaming sector.<\/p>\n\n\n

More efforts will need to guarantee that sports betting\nhandle continues to grow in 2019 and beyond, particularly now that the\nDepartment of Justice (DOJ) has decided to reverse a previous decision on the\nWire Act. <\/p>\n\t\t","protected":false},"excerpt":{"rendered":"January was an interesting month for Nevada‘s sports betting industry. On the one hand, the sports handle managed to soar all the way up to $497 million, hitting a significant uptick since December. On the other, revenue slid slightly. It wasn’t bad news for gamers by any stretch. Lower revenue for sportsbooks meant only one […]","protected":false},"author":6,"featured_media":4826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[17,60,284],"class_list":["post-4821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-event","tag-nevada","tag-sports-betting","tag-total-handle"],"acf":[],"yoast_head":"\nNevada's Sports Betting Handle Grows in January<\/title>\n<meta name=\"description\" content=\"Nevada's sports betting handle increased year-over-year in January, 2019, the Nevada Gaming Control Board has reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.realmoneygambling.com\/news\/nevadas-sports-betting-handle-grows-in-january\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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handle increased year-over-year in January, 2019, the Nevada Gaming Control Board has reported.","og_url":"https:\/\/www.realmoneygambling.com\/news\/nevadas-sports-betting-handle-grows-in-january\/","og_site_name":"Real Money Gambling News","article_published_time":"2019-03-03T07:20:13+00:00","og_image":[{"width":800,"height":400,"url":"https:\/\/www.realmoneygambling.com\/news\/wp-content\/uploads\/sites\/2\/2019\/03\/Nevada-Sports-Handle-Grows-in-January.jpg","type":"image\/jpeg"}],"author":"Nate Wheeler","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Nate Wheeler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.realmoneygambling.com\/news\/nevadas-sports-betting-handle-grows-in-january\/","url":"https:\/\/www.realmoneygambling.com\/news\/nevadas-sports-betting-handle-grows-in-january\/","name":"Nevada's Sports Betting Handle Grows in 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His insight is invaluable and he is our boots on the ground during any major event happening in London, including ICE. His easy-going and yet professional approach has helped us establish a healthy relationship with industry personalities, helping the team deliver the most accurate reporting to our readers. Nate is a huge Chelsea\u2019s fan and he loves exploring topics well beyond iGaming, with a particular focus on sports. Having Nate onboard speaks to the quality of our journalism.","url":"https:\/\/www.realmoneygambling.com\/news\/author\/natew\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/posts\/4821"}],"collection":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/comments?post=4821"}],"version-history":[{"count":0,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/posts\/4821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/media\/4826"}],"wp:attachment":[{"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/media?parent=4821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/categories?post=4821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realmoneygambling.com\/news\/wp-json\/wp\/v2\/tags?post=4821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}