The Nevada Gaming Commission reported $29.8 million in sports betting revenue for June on Thursday as operators had a 213.7% year-over-year increase in winnings.
Sportsbooks in the Silver State avoided a second consecutive rough June as the Vegas Golden Knights failed in their quest to repeat as Stanley Cup champions.
The Golden Knights’ first NHL title in franchise history last year resulted in a $6.6 million loss in hockey bets and dragged the overall revenue to $9.5 million — the lowest monthly total in the post-pandemic era dating to August 2020.
The $481.6 million in handle for June was up three-tenths of a percentage point compared to last year, while the 6.2% hold was more than 4.2 percentage points higher. Wagering declined 6.6% from May, and revenue slacked 17.3% as June’s win rate was eight-tenths of a percentage point lower.