Nevada Sportsbooks Hit A New Record in 2017 As December Revenues Shrink

February 5, 2018 Posted in Online Casino Bonuses & News by No Comments

For a long time, Nevada sportsbooks continue to show what fans are capable of. The 12 months of 2017 are a good indicator. Various sportsbooks record an increase in their revenues. Everything indicates that each month has better performance. Operators hope that it will be so as the year draws to its tail end. Things change slightly. The 30 days of December proof different. They are not like other months. According to the Nevada Gaming Control Board, the 2017 numbers are impressive. In fact, the report says that the figures indicate an all-time high for the Sports Books .

What Caused Nevada Sportsbooks To Hit A New Record in 2017?

The final numbers indicate that sportsbooks take a record of $4.8 billion. This amount includes all bets players place in various sportsbooks. Out of this amount, players win $248.77 million. Both numbers represent an all-time high, according to the gaming board. Now, the board is saying that casinos in Las Vegasare busier than any other time in 2017. The previous best year is 2015. This year, sportsbooks in Nevada have a record of 4.2 billion. This amount comes from ticket slips. These online establishments manage to save $232 million.

Pro And College Football Betting

According to the report, college and professional football brings in the most significant share. The estimates go to $1.7 billion. But in this, it is basketball that makes oddsmakers rich. The faculty brings in the most money. Both College and NBA wagers collect $1.4 billion. Casinos on their part, win $87.4 million, which is an equivalent of 5.9 percent win rate. Baseball and football games come in as second and third contributors respectively. As for football, it brings in $76.9 million, which is number represents a 4.4 percent win. Baseball has a collection of $1.1 billion. This figure enables sportsbooks to make $36. 8 million.

PASPA of 1992

All these are happening as the nation awaits the U.S. Supreme Court’s ruling. The State of New Jersey moves to court to challenge the federal ban on sports betting. PASPA of 1992 is also putting tough regulations on states that offer sports betting. Currently, only four out of the 50 U.S. states offer sports betting.

NFL Betting Is Not Impressive In Las Vegas

Although 2017 is a good year for sportsbooks, it is not suitable for NFL. It is down throughout the year, which includes even the regular season. The low numbers continue to be evident also as NFL enters its homestretch. This month’s conference champions record low turnouts. In 2017, the number of viewers for the NFL is less by more than 8 percent.

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Nevada Sportsbooks Hit A New Record in 2017 As December Revenues Shrink

Sportsbooks In Nevada Are Recording Massive Activity

Granted, this week is different from the past year. Many sportsbooks in Nevada are recording massive activity. The countdown to the final game between New England Patriots and Philadelphia Eagles takes place. With the last game taking place today, many people want to bet the Super Bowl. Yes, this must happen before the final whistle blows off.

Even as 2017 becomes the best year for Nevada sportsbooks, it is not the same to casinos. The Strip records a decline. Many operators attribute this to the October 1 Mandalay Bay Hotel shooting . It is now more than four months after the shooting. Operators are now back to business thus look at 2018 with optimism.

Previous News Article: Steve Wynn’s Sex Scandal Allegations May Hurt The Future Of Wynn Resorts

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Nevada Sportsbooks Hit A New Record in 2017 As December Revenues Shrink
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Nevada Sportsbooks Hit A New Record in 2017 As December Revenues Shrink
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For a long time, Nevada sportsbooks continue to show what fans are capable of. The 12 months of 2017 are a good indicator. Various sportsbooks record an increase in their revenues. Everything indicates that each month has better performance. Operators hope that it will be so as the year draws to its tail end. Things change slightly. The 30 days of December proof different.
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