Nevada Betting Football Boost
When the US Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, it broke Nevada’s monopoly on the betting market. Many experts in the industry foresaw a drop in Nevada’s revenues from betting as more states offered players different options.
Such predictions look silly now. In September, Nevada took in $786.5 million through bets. That is a staggering amount that dwarfs other states with legalized gambling. The title of most betting handled belonged to New Jersey, which took in over $1 billion in bets over September. That does not, however, diminish the achievements of Nevada.
This article breaks down those numbers to see the areas where Nevada’s betting is strongest and the impact the NFL season is having on bets. If you want to make your own bets read our sportsbook reviews to make sure you pick the best sportsbook for you.
Nevada’s Online Betting
Nevada still has its long history with gambling, with cities like Las Vegas famous for casino offerings. That’s why it’s not surprising to see that only 63% of the handle or $495.3 million came from online sportsbooks. That may sound like a lot, but this number is relatively low compared to states like Colorado that brought in $402.8 million from online betting, or 98.7%. Nevada’s famous land-based may explain this difference with other states, but it also makes its online betting numbers appear much more average.
Of course, as impressive as it is to handle such a large amount of bets, there are monetary reasons behind Nevada’s support of betting, and that is revenue. Did this massive uptake in betting result in increased revenue for Nevada? For the most part, yes. Nevada’s sportsbooks produced a hold from the month of 6.9% gave them a revenue of $54.2 million. This was the third biggest from the state on record, less than November 2020 and September. We can extrapolate from this that Nevada doesn’t have quite as large a hold as those months, but that will be only a minor concern.
Sports Betting Performance
The numbers paint a picture of truly how dominant football betting is on Nevada’s online wagering numbers. Football betting brought in 61% of the handle or $477.1 million. That total dwarfs other sports, with baseball being the closest competitor with 28%.
The reasons for this are hard to nail down, but it is hard to deny that online sports betting has integrated itself into the NFL incredibly well. Many franchises have opened sportsbooks for players to use at stadiums, such as the Baltimore Ravens. In addition to this, odds like moneylines and spreads are being used in NFL analysis this season. Betting operators are permitted more advertising slots during TV coverage of games. If you’re watching the NFL, betting is everywhere. If there were questions about whether these aggressive tactics were working, these numbers surely answered them.
There are other reasons for football’s dominance. The basketball season didn’t start until October, which means the sport could take a more significant portion of the market in the future. In addition, this season marks the first in watch Nevada sports fans can visit the stadium of their newly rebranded NFL team. Fans watching Las Vegas Raiders games may have been more tempted to place a wager amongst all the excitement.
Whatever the reasons, with a hold of 7.6%, football betting brought in $36.3 million in revenue for Nevada. These trends seem to track across most states with legal online sports betting, and experts will watch with interest if these numbers can be maintained as other sports come to the fore.
Legal Football Betting in the US
If you haven’t been betting on football this season, now is the perfect time to start. Since the repeal of the PASPA, states like Michigan, Pennsylvania, Iowa, Indiana, and more have legalized online sports betting. If you are currently in one of these states, you can join in the fun. Simply download a sportsbook app to your phone, and start placing bets on the NFL.
Sugarhouse is owned by Rush Interactive, which is one of the most prominent providers of online sportsbook and casinos in the country. In 2016, SugarHouse launched it online casino in New Jersey, joined by its online sportsbook in 2018. Since then, it became a leading casino and sportsbook for Americans. Check out their fantastic bonuses, games and bets available, and see yourself why when it comes to casino and sports betting in the USA, Sugarhouse is a Powerhouse
LATEST BLOG ARTICLES
The Virginia Lottery has announced that PointsBet, in partnership with the Colonial Downs racetrack, has been granted a temporary license to offer sports wagering to those in Virginia. That means soon anyone visiting Virginia of legal gambling age will be able to download the PointsBet Sportsbook App and start placing wagers.
MLB betting enjoyed a particularly booming phase during the Summer when traditional US sports betting powerhouses like basketball and football were in-between seasons. Of course, it helped that those summer months were when the MLB season started to pick up some steam.
SPORT BETTING APPS
Sports betting has always been an exciting way for fans to buy into the sport, in a way participate and add another dimension of thrill and excitement to the competition, match or any sporting event. With the evolution of remote betting first to phone, and later on to online betting, remote sports-betting not only became available to a wider audience, but also added a whole new level of excitement and magic to sports betting. Today’s mobile sports betting apps, which are readily available on both Android and Apple, are on the front line of technology, and alongside an exceptional slick and user friendly interface, opens to sports betting punters an entire universe of sports events, odds, games and features such as live streaming and in-play betting. Are you into NFL? Are you an NBA fan? Maybe your thing is baseball so you would like to bet on MLB? Or perhaps you are into world sports and want some European Premier Soccer betting? The mobile sports betting apps bring all of this amazing action to your mobile device, so you can bet on what you want, from wherever you are, at any time you choose to.
Are you a casino player? Did you always love casino, the atmosphere, the thrill and excitement, and most importantly the dream and sometimes reality of big winnings? You no longer need to wait for your next trip to Vegas, or wherever it is you are planning to go to a casino. Mobile and remote casino gambling has now entered to US, and it is here to stay. Already live in New Jersey, and closely followed by other states, Americans can now join the fun, download a casino mobile app from one of the top, legal and certified US casinos, and have all the magic of casino from their mobile device. Are you a BlackJack player? Or maybe you are into Roulette? Maybe Baccarat or Craps are your game, or are you a fan of slots? Whichever game is for you, you will find it on the mobile casino apps that are now becoming legal and regulated across states, and enable you to have your own private casino on your mobile device. It is legal, it is exciting, and it is magic.
For many, slot machines are the most thrilling part of the casino. The lights, animation, sounds and action take you into another dream world, where you can win huge prizes, jackpots, bonus rounds and what not. The Mobile slot apps that are now available in the US provide the world’s premier slots, all made regulated and fully compliant with the US regulations and laws. So you can safely and securely download the slots mobile app to your mobile device (where it is legal to do so), and have the most amazing slot game experience coming to life on your mobile phone. Are you into progressive slots where you get a chance at winning an amazing jackpot, or perhaps you are into an animated video slot that has branded content with your favourite movie, TV or music stars? All of these amazing titles are just a swipe away, all available on your mobile phone by downloading the mobile slot game app.
A lot has changed since the first games of poker were played along the Mississippi River in the 1800s, with Poker becoming a worldwide phenomenon, crossing the boundaries of a card game and considered by many a sport, with tournaments, leagues and champions. Being a game with friends or a professional tournament, the online revolution turned poker to be a game that is played and followed by billions all over the world. And then the latest stage of the poker uprising which is the mobile poker apps, which enable you to access any kind of level, tournament and game from your mobile phone, no matter where you are in the world, and what time it is, you can join in the poker fun and excitement and play against other poker enthusiasts like you around the globe. Poker is now coming home again, and becoming legal to play remotely state after state in the USA also. So now Americans can already download a safe and legal mobile.