First Time Ever: Nevada Sportsbooks Outpaced By New Jersey Counterparts In January

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For the very first time ever, Nevada sportsbooks didn’t top the checklist for sports wagering income. According to numbers released by the Nevada Video gaming Control Board last week, Nevada sportsbooks won $14.6 million from its bettors in January 2019.

That puts New Jersey on top of the listing for sports wagering earnings to start 2019 after a document month in terms of manage, taking in $385 million in wagers. The Yard State sportsbooks won $18.8 million on those bets.

The total manage for Nevada sportsbooks likewise established a monthly document with $497 million wagered on sporting activities. Yet in spite of the haul, a frustrating hold rate of just 2.9 percent made up the fall behind New Jersey.

In December 2018, Nevada sportsbooks had a hold rate of 7.8 percent. According to the UNLV Facility for Gaming Study, the average hold price is 4.8 percent.

The dip in sporting activities betting revenue is reflective of a total fad in Nevada. Nevada gambling establishments won just reluctant of $1 billion from gamblers in January, a three percent decline year-over-year. Silver State online casinos started 2019 by winning greater than $984 million from its customers, contrasted to the $1.015 billion won in January 2018.

The Las Vegas Strip brought in more than half of that loan, gathering $532.25 million from gamblers. Nonetheless, the Strip endured a year-over-year decrease too, going down 4 percent after winning $554.75 million in January 2018.

The sag comes much less than a month after the NGCB released a report showing that Nevada gambling establishments lost $1.2 billion during the last .