Nevada Sports Betting Handle Hits $1 Billion Mark

Nevada Sports Betting Handle Hits $1 Billion Mark

The sportsbook pay per head industry has been abuzz with the news of not one, but 2 states that have passed the billion-dollar mark in monthly handle. This proves the amazing recovery of sports betting after the industry ground to a halt back when the pandemic started. Aside from New Jersey, the Nevada sports betting handle hits the $1 billion mark in handle for the month of October.

The total handle for October is $1,100,712,575. This is 39.9% higher than September’s $786.5 million, and 66.8% higher than October 2020’s $659.9 million. This is the second-highest monthly handle that a state has ever recorded. The top record goes to New Jersey with $1.3 billion for October. The numbers are very inspiring for those who are still wondering if they should become an online bookie.

Nevada Sports Betting Handle

Nevada Sports Betting Handle Hits $1 Billion MarkLet’s take a look at the numbers for the month. The state’s total monthly mobile handle also sets a new record, with $704.8 million worth of wagers. This number is 42.1% higher than September’s, and 86.7% higher than October 2020’s $376.8 million. In total, mobile wagers take up 63.9% of the total sports betting handle. Using an online bookie software solution to offer sports betting bridges the distance between players and sports betting, and is proving to be a very accessible and lucrative platform for bookies.

Of course, football, specifically the NFL, takes in the lion’s share of wagers at $729.3 million. Of course, the World Series takes the second spot, with baseball bets coming in at $121.7 million. Basketball takes the third top spot with $111 million, and the NHL at $42.9 million. Many in the industry believe, that in spite of the large bump in handle for October, that the numbers could be even higher in November. Since we will see more NHL and NBA games, plus the start of college basketball season, we can expect better sports betting numbers from sportsbooks in New Jersey.

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