Nevada reported a solid month of sports-betting action in May, the last month before the state's full economic reopening.
The sports pool drop in Nevada in May was around $477.4 million, up from the $458.1 million reported for April, and more than 50 percent higher than the handle for May 2019, according to the state’s gaming control board.
Mobile bets accounted for $297.8 million of the state’s sports wagering last month as well.
Meanwhile, the win amount for Nevada's sportsbooks in May was just shy of $27.1 million, up 140 percent from May 2019. The win percent was 5.67 percent last month, which was also better than the 3.55 percent reported two years prior.
“Both win and volume are all-time records for the month of May,” noted Michael Lawton, senior economic analyst with the Nevada Gaming Control Board, in an email.
A reopening renaissance?
The pick-up in sports betting in May came during the last month before Nevada’s full economic reopening on June 1, which could give its gaming numbers a lift going forward. The state allows for both in-person and online sports wagering.
The Nevada Gaming Control Board said June would see the end of “all applicable COVID-19 mitigation protocols” issued under an emergency order.
Nevada Gov. Steve Sisolak said in a June 1 press release that the state “has administered millions of life-saving vaccines into arms and is officially 100 percent reopened statewide as of today.”
