October was the second biggest month ever for Nevada sports betting
With football season in full swing come October, NFL and college football action brought in $397.8 million in bets which panned out into a near $23.6 million win for books.
Nevada sportsbooks posted their second busiest month ever - in terms of money wagered on sports - in October, taking in $504.6 million in bets and winning $33.6 million from a hold (win percentage) of 6.65 percent.
With football season in full swing come October, NFL and college football action brought in $397.8 million in bets which panned out into a near $23.6 million win for bookmakers, with a hold of 5.92 percent. That trumped last October’s football numbers, when Nevada books won just $16.98 million on $379.9 million bet with a hold of 4.47 percent. So far, in two month, Silver State sportsbooks have won $54.8 million on a total of $711.8 million bet on football.
October also marked the end of the baseball season, with sportsbooks winning almost $2.5 million from a hold of 4.17 percent on a handle of $59.4 million wagered. That makes the MLB season total for Nevada books $41.9 million won from April to October.
The start of the basketball season – NBA, college WNBA are not differentiated – brought in close to $16 million in bets, with books winning $1.6 million. The category of other sports, which includes hockey, tennis, golf, racing, boxing, soccer, MMA as well as any other outlining sports, earned Nevada books more than $5 million in October.
For the month of October, Nevada casinos won $887,577,506 million which is a 2.85 percent decrease from October 2014, which raked in $913,642,221. October 2015 is also down from the $916,350,471 won in September 2015.
In his 20 years with Covers, lead NFL betting analyst; has seen it all and bet it all. Through the wild west of early Internet gambling to lobbying for legalized sports betting to our brave new wagering world, Jason has been a consistent source of actionable info and entertainment for squares and sharps alike. Since joining the Covers team back in 2005, he honed his handicapping skills to provide audiences with the most thorough insights, blending traditional capping methods with advanced modelling and predictive analysis. Jason has studied the ins and outs of the sports betting business, learning from some of the most successful gamblers in the industry and the biggest sportsbook operators on the planet. He is under center for Covers during NFL season as our top NFL expert, taking the points in his infamous NFL Underdogs column and representing the Covers Community at the Super Bowl. While he lives for football season, Jasons first love is basketball and that shows in his in-depth NBA, NCAA, and WNBA betting breakdowns. On top of being a mainstay in media from coast to coast; WPIX, PHL17, Fox 5 San Diego, WGNO, TSN, SportsNet, ESPN Radio; he had his analysis featured in USA Today, MSNBC, ESPN, the Wall Street Journal, CBS, Bloomberg, the L.A. Times, the New York Times and other major publications. You can also find JLo stuffing all the top picks and predictions he can into 10 minutes as the host of Covers; flagship podcast, The Sharp 600.
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