SiGMA

Nevada Sept. revenue tops $1b again, mobile sports bets surge

Posted: Oct 31, 2022 13:24 Category: Americas , Casino , Sportsbetting , Posted by Sharon Singleton

Nevada gambling revenue rose 8 percent year-on-year in September to $1.24 billion, with mobile sports betting showing the largest percentage increase. 

Mobile sports betting win rose by almost 67 percent to $27.7 million, while the win from football was up 42 percent to $51.6 million. 

It’s the 19th straight month that Nevada’s betting revenue has exceeded the $1 billion mark as the state rebounds from Covid.

Slots revenue took in the lion’s share of the month’s revenue, rising nearly 10 percent to $858 million. Card games win rose by 3.5 percent to $390.7 million, with Ultim Texas Hold’em showing the biggest increase.  

The Las Vegas Strip generated win of $693 million, up 8.2 percent from a year earlier. 

Over the past 12 months, Nevada’s casinos and sports betting industry generated win of $14.7 billion, up 22.5 percent. Slot machines accounted for $9.8 billion, a gain of 18.4 percent, while card games generated $4.8 billion, up 31 percent. 

Nevada’s casinos reopened fully in June 2021 after the Covid pandemic and revenue swiftly recovered as the casinos reported strong pent-up demand. Tourism and MICE business was slower to return, though it is now in full swing.

Join us: 14 – 18 November for SiGMA Europe

Being one of the first European countries to regulate the gaming sector, Malta is a hub of global business. With a plethora of prospects for both investors and entrepreneurs looking to shape the future, SiGMA’s Malta Week event will bring together industry giants among the affiliates, operators, and suppliers of the sector.

 

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