online sports betting industry yearly revenue

The table below shows the Nevada sports betting industry’s key financial figures every month from the repeal of PASPA in June 2018 to date. State tax revenue displays taxes collected by the state and local jurisdictions.Hold percentage shows how much revenue sportsbooks kept as a function of the betting handle.Revenue reflects the gross gaming revenue kept by sportsbooks after paying out winning bets.Handle refers to the total amount wagered on sports.Sports Betting Dime continually monitors the growth of legal sports wagering in America by tallying monthly revenue reports from each state.įor clarity, here’s what each number represents: Nevada Sports Betting Revenue: Month-by-Month

Read on for an in-depth look at the business of sports betting in Nevada. Below you can also scroll back in time to see the growth of sports betting in the Silver State since the Professional and Amateur Sports Protection Act’s repeal in 2018, which ushered in a new era for the industry. We’ll keep you informed with the latest financial figures and analysis of monthly Nevada sports betting revenue reports.

Will NJ stay ahead in 2021, or will Vegas come roaring back as the COVID-19 pandemic recedes? New Jersey finished 2020 with by far the highest annual sports betting handle of any state, surpassing hard-hit Nevada by more than $1.5 billion in wagers placed. Nevada is unrivaled in its gambling history in America, but it is no longer the top US sports betting market.

Online sports betting industry yearly revenue