Mixed bag for November Nevada gaming

GamingToday.com is an independent sports news and information service. GamingToday.com has partnerships with some of the top legal and licensed sportsbook companies in the US. When you claim a bonus offer or promotion through a link on this site, Gaming Today may receive referral compensation from the sportsbook company. Although the relationships we have with sportsbook companies may influence the order in which we place companies on the site, all reviews, recommendations, and opinions are wholly our own. They are the recommendations from our authors and contributors who are avid sports fans themselves.

For more information, please read How We Rank Sportsbooks, Privacy Policy, or Contact Us with any concerns you may have.

Gaming Today is licensed and regulated to operate in AZ, CO, CT, IN, KS, LA, MI, NJ, NY, PA, TN, and VA.

The Circa Resort casino that opened Oct. 28 dramatically changed the fortunes of gaming win percentages in downtown Las Vegas for the better in November and Nevada set a record for football bets placed and the overall win for sportsbooks. 

Downtown Las Vegas with the first month of the Circa Resort open saw a gain of 1.74% over November 2019 with a $52.9 million gaming win. Downtown was down 22.16% in October and 21.4% in September, according to numbers released Tuesday by the Nevada Gaming Control Board. 

While the Strip didn’t fare as well in November as it did in October, the state’s casinos won $771.1 million in November, a 17.75% decrease from November 2019 when they won $937.5 million. In October, Nevada’s casinos reported a gaming win of $822.6 million but that was a 19.5% decrease from October 2019 when the win was $1.02 billion. 

Check Out More Industry News Here

Clark County saw its gaming win decrease by 20.5% in November after declining by 23.5% in October. 

The Las Vegas Strip saw a decline of 32.4%. The Strip declined a smaller amount of 30.2% in October when it won $375.7 million. It won $349.7 million in November. 

North Las Vegas saw a 2.1% decline after falling 26.6% in October. The Boulder Strip was up 18% after falling 24.7% in October. The balance of the county category, which includes many locals’ casinos, rose 0.42%. It was up 2.35% in October. 

Michael Lawton, senior research analyst with the Gaming Control Board, said sports pools won $61.8 million in November, up 99.3% or $30.8 million over November 2019. 

The total sports pool handle without any NBA and NHL games was $609.6 million, a decline of 4.6 million or 0.8% from November 2019. 

Tickets written on football, however, totaled $502 million, which Lawton said is an all-time record in the state. The sports pool hold for football was 10.14% versus 5.05% in November 2019. 

“Additionally, the total win amount for sports represents an all-time record for sportsbooks in Nevada,” Lawton said. “This record was driven by football win, which totaled $56 million and is an all-time record for football win as well.” 

Sports wagers made with mobile apps won sportsbooks $23.5 million on $343.9 million in wagers, holding 6.84%. This amount accounted for 56.4% of total wagers, Lawton said. 

In October, there was a record $659.6 million in sports wagering, up 21.3% or $115.6 million from October 2019. The previous record was $614.5 million. Sportsbooks won $42.4 million, which was down 11.5% or $5.5 million from October 2019. The reason was sportsbooks held 6.43% in October, which is down from 8.81% in October 2019. The hold was 5.72% in September. 

Sports wagers made with mobile apps won casinos $13.6 million on $376.9 million wagered in October. The hold was 3.6%. Mobile wagering accounted for 57.1% of total wagers, Lawton said. 

Sportsbooks won $32.5 million on football out of $441.1 million wagered in October, a gain of 24.5% or $26.1 million in October 2019. That’s a hold of 7.39%, up from 4.81% in September. There was $355.6 million bet on football in October 2019. 

About the Author

Buck Wargo

Buck Wargo is a former journalist with the Los Angeles Times and has been based in Las Vegas as a business, real estate and gaming reporter since 2005.

Get connected with us on Social Media