Nevada sports books had a mediocre April. Combined, they won $9.4M during the month but that was a sharp decline from last April when the books won $14.45M.
Here’s the breakdown of sports book profits by sport and bet type:Horses: $3.8M Football: ($3.3M)¬† Basketball: ($1.2M) Baseball: $6.7M¬† Parlay Cards: $82K Other: $2.6M¬† Total: 9.4M¬†
Yes, sports books actually lost money in two sports. In football, it’s common for sports books to register a loss in the month of April as bettors mail in or otherwise cash winning tickets from the end of football season. The basketball loss is more of an anomaly, though. For example, sports books won $4.3M from basketball wagers last April, making this April a $5.5M swing for the books (which accounts for nearly all of the 34% decline from 2011 levels).
Baseball was the biggest moneymaker for Nevada books, this month. The total profit on baseball was $6.7M as books won 9.46% of the $70.8M wagered on baseball.