Plus, the appeal of destination physical sportsbooks in Las Vegas draws a large amount of tourist betting action as well as some local handle, despite the state’s lack of the best online casino options.Īmong sports, football was the runaway leader in handle in December with $481.83 million in wagers, followed by basketball with $271.32 million in bets. Nevada does not permit online registration for sports betting apps, a policy that’s a drag on online sports betting activity.
The mobile wagering handle of $603 million in 2022’s final month was down 6.0% from November ($641.7 million) and a 21.2% dip from 12 months earlier ($765 million). Money Line: The money line is a bet on the odds of a team winning the game as opposed to a point spread that is based on the scoring outcome. There are over 1,000 slot machines, multiple table games, and an onsite sportsbook. Mobile sports betting handle was 68.5% of total handle in December. Taking a step away from Las Vegas, the Peppermill Resort & Spa is one of the best casinos in Reno, Nevada. The December 2022 hold wasn’t particularly extraordinary at about 6.3%, but it was far better for the state’s sportsbooks than the previous month (about 4% hold) and from the same month in 2021 (an extremely low 1.6%). Last month was also up 245.9% in a year-over-year comparison with December 2021 ($15.96 million). However, sports betting revenue for the final month was a little more than $55.2 million, an increase of 46.5% from the Nevada November betting revenue of $37.67 million.
