Nevada books take in all-time highest handle in November

Dec 30, 2013 |
Nevada sportsbooks set an all-time handle record in November, taking $490.3 million worth of wagers last month. That broke the previous high mark of $447.6 million set last November, according to the Nevada State Gaming Control Board.

Overall, Nevada sportbooks earned $30.6 million in November 2013, a slight increase from the $30.3 million won in October 2013.

Books continued to score big on football betting in November, breaking the single-month football handle record for the third straight month, taking in $355.6 million on NFL and college football. That handle paid out $24.3 million to sportsbooks with a hold of 6.84 percent in November.

Nevada books opened the football season with a record-setting handle of $337 million in September and topped that with a football handle of $342.7 million in October. Those wagers earned $27.9 million and $18.1 million in those two months respectively, bringing Nevada’s season football earnings (September to November) to $70.3 million.

November’s football earnings were a 559.74 percent improvement over November 2012 when Nevada sportsbooks lost $5.3 million on football betting but set the previous record for highest monthly handle at $ 335.9 million.

Books earned $3.27 million on basketball betting in November – NBA and NCAAB – an improvement on the $1.7 million won in October.

Sports tagged as “other”, which include hockey, boxing, MMA, tennis, golf, auto racing and soccer, brought in $5.4 million for Nevada sportsbooks in November, an increase from the $4.4 million won in October.

Outstanding baseball bets cost books $4.3 million in November after winning $35.4 million (April-October) on baseball betting this season. These losses a common after a season finishes due to the fact that no money is being bet on the sport and only outstanding wagers are being paid out.

Nevada casinos celebrated a total gaming win of $875,968,501 in November – an 11.91 percent increase from November 2012.
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