Nevada continues to dominate the sports betting market in the US. And once again breaks a record for November. According to the report from the Nevada Gaming Control Board, the sportsbooks in the state have a combined handle of $614 million. Nevada sets the record with the highest monthly handle for 2019 in any state in the US. Looking at the year-on-year numbers, there is a 5.7% growth from November 2018.
This is the state of the sports betting market today. Even the best pay per head sportsbook providers are also reporting an increase in action from their online bookies. In the US, established sportsbooks in Nevada and New Jersey are the top states that report the highest handle throughout the year. But other states are also reporting a growing handle as well.
Nevada Sets Record
Nevada’s total handle for November 2019 is at $614.07 million. This is 5.4% higher than November 2018’s $580.69 million. As for gross revenue, November 2018 in Nevada was at $27.13 million, which increased by 14.6% to a good $31.10 million in November 2019. The main driver for the handle for the month comes from Football.
A whopping $384.56 million, more than half of the handle, are football wagers. Second on the list is Basketball with $166.6 million. For both basketball and football, the wagers were made for professional leagues like the NBA and the NFL respectively. Of course, college football and basketball games were also a popular option. This is especially true with college sports last month which held multiple games weekly.
And since football season is heating up, leading to the Super Bowl in February, and the NBA going strong until spring, the handle will stay strong. Those who want to get into the business by being a bookie should try out a bookie pay per head demo and get in before the postseason arrives.