Nevada sportsbooks have strong December, but trail New Jersey for month and all of 2020

Nevada sportsbooks have strong December, but trail New Jersey for month and all of 2020

Article brief provided by VSiN.com
  • Dave Tuley, VSiN.com
January 29, 2021 11:13 AM
  • Dave Tuley, VSiN.com

Nevada sportsbooks again received a mix of good and bad news when the state’s Gaming Control Board released the figures for December and the overall figures for 2020 as business continues to boom, but the state fell further behind New Jersey in the race for national dominance.

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The state’s books handled $588.4 million from bettors in the month of December, an increase of 3% from December 2019, and they won $40.6 million, an increase of 11.7%, for a hold of 6.9% compared to 6.36% last December.

“The total drop for December is an all-time record for the month,” Michael Lawton, GCB senior research analyst, wrote in an email.

Football dominated the action last month (the NBA regular season started late and the NHL season hadn’t started yet) with $371.1 million of the handle and $25.9 million of the win.