Home > Nevada January Sports Betting Handle Tops $1 Billion for 4th Straight Month
News Sports Betting

Nevada January Sports Betting Handle Tops $1 Billion for 4th Straight Month

Caesars Nevada Sportsbook

Nevada kept a couple of billion-dollar streaks going while setting a number of new highs in sports betting in the first month of 2022.

For the 11th month in a row, Nevada’s overall January gambling win, which mainly consists of brick-and-mortar casino action, reached at least $1 billion, and for the fourth month in a row, sports wagering handle hit at least $1 billion.

New Jersey, Nevada and New York are the states that have topped $1 billion in monthly handle. The national handle record is the $1.69 billion that New York registered in January, in an abbreviated month (Jan. 8-31). It was the first month for New York mobile sports betting.

New Record Handle in Nevada

In Nevada sports betting, January’s handle was about $1.109 billion, edging out the old record for the state of nearly $1.101 billion in October 2021. The January sports betting handle also saw an increase of 9.3% from December ($1.015 billion).

It was in sports wagering revenue where Nevada enjoyed a tremendous bounce back from the rugged December that the sports gambling industry experienced overall across the country.

The bookmakers were breathing a little easier with revenues totaling $50 million, which was up a whopping 213.3% from December when the Nevada books managed to claw out about $16 million in revenue. Still, the January 2022 total was down 4.6% from January 2021 (about $52.4 million).

Nevada Online Sports Betting

Nevada sportsbooks saw 70.9% of their handle come from online betting in January. The total mobile handle was about $786.8 million, up 2.8% from December ($765 million) and up 116.3% from January 2021 ($363.7 million). The January online handle total was also a record for Nevada beating November 2021 ($777.2 million).

An ongoing drag on mobile sports handle in Nevada is the requirement that customers register in-person for online sports betting while in many other jurisdictions, customers have the convenience of registering online.

For all gaming, Nevada saw a January win of nearly $1.08 billion, which was down slightly from December’s $1.15 billion. The calendar was kind in January with five full weekends but the December figure did enjoy the lift of New Year’s Eve.

Nevada does not have online casino gambling with the notable exception of internet poker.

Subscribe for sports betting offers, promos and news

Related stories

The Stars Group selected as authorized gaming operator of NBA

Joan Mantini

New Jersey sports betting wagers continue to climb

Joan Mantini

GiG Signs Sportsbook Contract With Hard Rock International

Joan Mantini

Rivers Casino Pittsburgh Officially Opens its Sportsbook

Joan Mantini

SugarHouse Casino Makes Philly History

Joan Mantini

DraftKings Prepares to Launch Sports Betting in West Virginia

Joan Mantini