Nevada sportsbooks win $27 million on football betting in December

Feb 8, 2013 |
Nevada sportbooks finally punched one through the end zone in December after back-to-back losing months for football bookmaking.

According to the monthly report from the Nevada State Gaming Control Board, Silver State sportsbooks won $27.2 million on football wagering in December (both NFL and NCAAF), a huge improvement from the $5.2 million lost in November and the $6.2 million dropped in October.

Since September, they’ve won more than $59 million on football wagering alone – thanks in part to massive September football earnings of $43.5 million.

Nevada sportsbooks saw a near 200 percent change in football earnings from December 2011 with a hold percentage of 9.66 percent. Books on the Las Vegas Strip earned $12.85 million on football betting in December and boasted a hold percentage of 7.97.

Basketball betting (NBA and NCAAB) brought $2.35 million into Nevada sportsbooks in December, a jump from the $1.56 million earned in November. However, those earning were a 48 percent decrease compared to basketball earnings from Dec. 2011.

Parlay cards, which stung Nevada books for $1.25 million in November, raked in $2.8 million in December.

The only losses came from bettors cashing in outstanding baseball tickets (-$1.2 million – there is no money coming in on baseball) and outlining sports that fall under “other” in the report (-$826,000).

Overall, Nevada books earned $30.24 million in December – a welcomed change from the $8.17 million lost in November.

Desktop View: Switch to Mobile View