May’s sports betting revenue jumped 19.8% year-over-year to $36 million, and the year-to-date total of $209.2 million is up 5.6%.
This marks the third consecutive month that the amount wagered has gone in that direction. However, March’s handle fell 5.5% while April’s dropped 4.8%, so the lesser action compared to the previous year is getting better for online and retail sportsbooks in the Silver State.Better news for operators is that May’s revenue jumped 19.8% year-over-year to $36 million, and the year-to-date total of $209.2 million is up 5.6%.
Sportsbooks paid out $3.4 million after shelling out $13 million in March and another $5.7 million in April. The Super Bowl is rarely a massive win for sportsbooks, but the Kansas City Chiefs and a lot of the bettor-friendly props going against operators have evolved into a four-month nightmare. Nevada sportsbooks still turned a nice profit for the month, thanks to the NBA and NHL playoffs. win rate on hockey reached nearly 8% as the sport made operators $3.4 million on a handle of $42.5 million.
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