Nevada Sports Betting Handle Records 12.9% Increase in November is an independent sports news and information service. has partnerships with some of the top legal and licensed sportsbook companies in the US. Gaming Today may receive referral compensation from the sportsbook company when you claim a bonus offer or promotion through a link on this site. 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.

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Nevada witnessed a modest uptick in sports wagering activity during November, according to the latest figures released by the Nevada Gaming Control Board.

The reported betting handle for the month tallied a notable $921 million, reflecting a substantial increase of 12.9% compared to October’s handle of $815.6 million. Despite this surge, November’s handle slightly dipped when compared with the same month of the previous year, which stood at a marginally higher figure of $928 million.

Online Operators Record $625 Million in November

Nevada’s recent betting trends displayed a dominant performance in mobile wagers. Of the total handle, the Silver State recorded a substantial mobile betting handle, amounting to $625 million in Nov. 2023, constituting a staggering 67.8% of the total wagers placed during the month.

However, the mobile betting handle for November observed a slight decrease when compared to the same period in the previous year. This decline amounted to a differential of $17.5 million.

In terms of revenue, the legal operators in Nevada collectively amassed $40.1 million in revenue, marking an 8.8% increase compared to Nov. 2022. The state witnessed a hold percentage of 4.45%, a notable rise from the 4.05% recorded in the corresponding month of the previous year.

November’s revenue figures showed a significant decline compared to October. October recorded the state’s third-highest revenue peak in history, amassing a substantial $68.1 million. This impressive figure was only surpassed by Sept. 2022’s revenue of $70.6 million and Nov. 2021’s reported revenue of approximately $72 million.

Of the $41 million generated in revenue, online sportsbooks accounted for about $21.3 million as bettors limited them to a hold of 3.4%, while retail sportsbooks contributed $19.8 million.

Nevada’s Annual Betting Volume Reaches $7.4 Billion

The state’s sports betting handle since the beginning of the year has amounted to $7.4 billion, marking a 5.1% decrease compared to the corresponding period in the previous year’s first 11 months. Despite this decline in handle, the year-to-date revenue has surged to $422.3 million, exhibiting an 8% increase over the revenue generated during the same period last year.

In November, operators contributed $2.8 million in tax payments to the state treasury. Looking at the cumulative tax revenue for the year so far, the state has collected $28.5 million. This translates to an increase of $2.1 million compared to the figures reported at the same time last year.

Nevada Ranks Fourth Among States with Highest Betting Handles in November

In a month where several states in the eastern United States soared to unprecedented betting heights, Nevada, the long-standing hub of gambling, solidified its position among the top betting states for November.

Despite an expectation for a potential fifth billion-dollar handle since Jan. 2022, Nevada narrowly missed this milestone.

New York surged above $2 billion for the second consecutive month and New Jersey set an all-time high of $1.6 billion. Pennsylvania placed third with a handle of $934.1 million in November.

The Silver State finished in fourth position, notching its second-highest handle of the year, behind January’s handle of $935.8 million.

Las Vegas’ brick-and-mortar venues continued to play a pivotal role in the state’s betting scene, witnessing $296.6 million in wagers, representing 32.2% of the overall handle. In-person betting activity was up 3.6% from 2022 figures.

This boost in November propelled the 2023 retail handle total beyond $2.5 billion, culminating to $10 billion in all-time in-person handle post-PASPA.

About the Author
Tebearau Egbe

Tebearau Egbe

Tebearau Egbe is a seasoned gambling writer with over four years of experience. Armed with a Masters degree in philosophy, Egbe possesses a unique ability to dissect complex industry developments, distilling them into insightful narratives that captivate readers.

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