ad-fullscreen

Nevada sports books win record amount on basketball in March

Updated April 26, 2017 - 8:16 pm

Nevada sports books suffered one of their worst football months ever in January, but more than made up for it with their best basketball month ever in March.

The state’s sports books won a record $41.275 million on basketball, a hold of 9.61 percent from a record handle of $429.5 million, according to the monthly revenue report released Wednesday by the Nevada Gaming Control Board.

The amount wagered was $7.5 million more than the $422 million wagered on basketball in March 2016 and an increase of $54 million from March 2015.

The numbers on college and pro basketball are combined, but based on feedback from the books, Gaming Control Board research analyst Michael Lawton previously estimated that about 70 percent of the basketball handle was from the NCAA Tournament. That would translate to $300.6 million, up from $295.4 million wagered on the 2016 tournament. That is more than twice that of the state’s record Super Bowl handle of $138.5 million set in February.

Nevada sports books won $31.4 million overall in March, a 225 percent increase from March 2016. The state’s casinos won more than $991 million overall in March, more than $655 million on slot machines.

The books lost $8.25 million on football in January. It was the second-worst in-season month on football ever tracked by the state.

Follow all of our sports betting coverage online at reviewjournal.com/betting and @RJ_Sports on Twitter.

Contact reporter Todd Dewey at tdewey@reviewjournal.com or 702-383-0354. Follow @tdewey33 on Twitter.

section-ads_high_impact_4
Sports Betting Spotlight Videos
Sports Betting Spotlight: NFL Week 14
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and TI sports book director Tony Nevill preview NFL Week 14.
Sports Betting Spotlight: NFL Week 13
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and The Mirage sports book director Jeff Stoneback preview Week 13 of the NFL regular season. (Las Vegas Review-Journal)
Sports Betting Spotlight: College football Week 14
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and The Mirage sports book director Jeff Stoneback preview Week 14 of the college football season. (Las Vegas Review-Journal)
Sports Betting Spotlight: College Week 13
Todd Dewey, Kelly Stewart and Matt Holt give their picks for week 13 of college football.
Sports Betting Spotlight: NFL Week 12
Todd Dewey, Kelly Stewart and Matt Holt give their picks for week 12 of NFL football.
Sports Betting Spotlight: College football Week 12
Todd Dewey, Kelly Stewart and Bob Scucci go over their picks for college football week 12.
Sports Betting Spotlight: NFL Week 11
Todd Dewey, Kelly Stewart and Bob Scucci go over their picks for NFL football week 11.
Sports Betting Spotlight: NFL Week 10
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and CG Technology Sports Book Vice President Matt Holt preview Week 10 of the NFL.
Sports Betting Spotlight: College Football Week 11
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and CG Technology Sports Book Vice President Matt Holt preview Week 11 of the college football season.
Sports Betting Spotlight: College Football Week 10
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and Boyd Gaming Sports Book Director Bob Scucci preview Week 10 of the college football season.
Sports Betting Spotlight: NFL Week 9
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and Boyd Gaming Sports Book Director Bob Scucci preview Week 9 of the NFL season.
Sports Betting Spotlight: NFL Week 8
Review-Journal reporter Todd Dewey, handicapper Kelly Stewart and The Mirage sports book director Jeff Stoneback preview Week 8 of the NFL season.
Sports Betting Spotlight: NFL Week 7
Todd Dewey, Kelly Stewart and Alan Berg go over their picks for NFL week 7.
Sports Betting Spotlight: NFL Week 6
Todd Dewey, Kelly Stewart, and Boyd Gaming sports book director Bob Scucci make their picks for NFL Week 6. (Las Vegas Review-Journal)
Sports Betting Spotlight: College football Week 7
Todd Dewey, Kelly Stewart, and Boyd Gaming sports book director Bob Scucci maker their picks for Week 7 of college football. (Las Vegas Review-Journal)
Sports Betting Spotlight: NFL Week 5
Todd Dewey, Kelly Stewart, and CG Technology Sports Book Vice President Matt Holt go over their picks for week five of college football.
Sports Betting Spotlight: College Football Week 6
Todd Dewey, Kelly Stewart, and CG Technology Sports Book Vice President Matt Holt go over their picks for week six of college football.
Sports Betting Spotlight: College Week 5
Todd Dewey, Kelly Stewart (@kellyinvegas) and Wynn Sports Book Director John Avello go over their picks for week five of college football and their best bets.
Sports Betting Spotlight: NFL Week 4
Todd Dewey, Kelly Stewart (@kellyinvegas) and Wynn Sports Book Director John Avello go over their picks for week four of the NFL and their best bets.
Sports Betting Spotlight: NFL Week 3
Todd Dewey, Kelly Stewart (@kellyinvegas) and Caesars Oddsmaker Alan Berg go over their picks for week three of NFL football and their best bets.
Sports Betting Spotlight: College Football Week 4
Todd Dewey, Kelly Stewart (@kellyinvegas) and Caesars Oddsmaker Alan Berg go over their picks for week three of college football and their best bets.
Sports Betting Spotlight: NFL Week 2
Todd Dewey, Kelly Stewart and Boyd Gaming sports book director Bob Scucci talk about their best bets for the second week of NFL football in this weeks sports betting spotlight. (Las Vegas Review-Journal)
Sports Betting Spotlight: College Football Week 3
Todd Dewey, Kelly Stewart and Boyd Gaming sports book director Bob Scucci talk about their best bets for the third week of college football in this weeks sports betting spotlight. (Las Vegas Review-Journal)
TOP NEWS
ad-315×600
News Headlines
pos-2 — ads_infeed_1
post-4 — ads_infeed_2
Local Spotlight
Events
Home Front Page Footer Listing
Circular
You May Like

You May Like