A Record Year: Nevada Sports Books Won $68M on Football Bets During 2012

Posted by & filed under Sports Books, Uncategorized.

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On December 31, 2012, the LA Times declared that Vegas sports books took a “staggering” financial hit from the NFL regular season as “bettors handed Nevada sports books their worst year in memory.” Well, their memory must be very, very bad. We immediately pointed out how that article was dead wrong citing Nevada Gaming Commission reports… Read more »

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Super Bowl XLVII: Most Heavily Bet NFL Game of All Time

Posted by & filed under Sports Books.

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Last year, Nevada sports books accepted $93.9M in bets on the Giants/Patriots Super Bowl. It was the second most heavily bet Super Bowl of all time. The most heavily bet Super Bowl ever was the 2006 match-up between Pittsburgh and Seattle which generated $94.5M in betting action. But there’s a new record. Nevada sports books… Read more »

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No, Sports Books Did Not Get Killed During the NFL Season

Posted by & filed under Sports Books.

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It happens every season. One Sunday, favorites will dominate the card. And, like clockwork, media reports will surface detailing how sports books “got killed” while gamblers cashed winner after winner. But here’s the deal: Nevada sports books haven’t had a losing football season, ever. Period. The worst year Nevada books had handling football bets was… Read more »

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September: A Record Amount Bet On Football In Nevada

Posted by & filed under Sports Books.

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Last week, favorites dominated the NFL card and, as a result, sports books got killed. But don’t feel too bad for them. It turns out they had a record-setting September. The Nevada Gaming Commission just released their monthly report detailing results at Nevada casinos and sports books. Combined, all sports books in Nevada made $43,500,000… Read more »

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2011: The Biggest Sports Betting Year in Nevada. Ever.

Posted by & filed under Sports Books.

Gamblers bet over $3.2 billion in Nevada sports books last year, making it the biggest sports betting year in the history of the state. Prior to 2011, 2007 and 2010 were the biggest sports betting years in Nevada history when books handled $3.14 billion in sports bets. But last year volume grew 3% from 2010… Read more »

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Over $3 Billion Bet on Sports in Nevada in 2011

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Last year, gamblers bet over $3.17 billion on sports in casinos throughout Nevada. Remember, this is legal gambling in Nevada alone which is a fraction of the entire sports betting market. The most recent estimate of the global illegal (offshore and local bookies) sports gambling market pegs the market at $380 billion, making Nevada less… Read more »

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Nevada Sports Books Make $201M in 2011, A 6.6% Drop From 2010

Posted by & filed under Sports Books.

The Nevada Gaming Control Board just released the 2011 yearly results for all Nevada casinos. Surprisingly, Nevada sports books saw a drop in their annual profits. In 2010, Nevada books made $214.4M but that slipped to $201.1M this year. Overall, Nevada gaming revenue increased from 10.4 billion in 2010 to $10.7 billion in 2011. For… Read more »

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