Nevada has become the fifth state in the post-PASPA era to surpass $2 billion in sports wagering adjusted gross revenue, with the state’s Gaming Control Board reporting Thursday that operators claimed $68.1 million in winnings in October.
Nevada sportsbooks have claimed billions more since accepting their first bets back in 1975, but the state joined New Jersey, New York, Illinois, and Pennsylvania in the select circle of those clearing $2 billion since betting outside Nevada first became available in June 2018, according to state-by-state revenue tracking.
The $68.1 million for October — with a hold close to 8.4% — is the third-highest total in state history, trailing only the nearly $72 million in November 2021 and $70.6 million in September 2022. Revenue was up almost 20% compared to October of last year and 9.3% higher than September’s $62.3 million.
It marked the first time Nevada sportsbooks had back-to-back months with at least $60 million in revenue. It was also the first time the house had a collective win rate above the industry standard of 7% in consecutive months since September-October 2019. October’s hold was the sixth-highest in 65 months of wagering when including the two months during the 2020 COVID-19 pandemic the NGCB did not release figures.