Nevada sports books won $38M off March basketball betting

Nevada sports books saw a record basketball betting handle in March for the seventh consecutive year.

A record $436.5 million was wagered on basketball — college and pro — in the month, with the NCAA Tournament accounting for an estimated $305.5 million.

That amount almost doubled the state’s record Super Bowl handle of $158.6 million set in February.

The books won $38 million on basketball, down 7.88 percent from the 2017 record win of $41.2 million.

The books won $34.1 million overall from a total handle of $521.6 million that was the most ever for the month of March.

The basketball numbers aren’t separated into college and NBA, but based on feedback from the books, 70 percent of the March handle is generated from the NCAA Tournament, according to Gaming Control Board senior research analyst Michael Lawton.

The Nevada basketball betting handle for March exploded from $368 million in 2015 to $422 million in 2016. It climbed to $429.5 million in 2017.

The state’s sports books haven’t had a losing month since July 2013.

The state’s casinos won more than $1 billion overall, with $283.4 million from penny slots, $267.4 million from multi-denomination slots and $117.2 million from baccarat.

More betting: 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. Follow @tdewey33 on Twitter.

ad-high_impact_4
Sports Betting Spotlight Videos
Sports Betting Spotlight: College Football Week 13
Todd Dewey, Kelly Stewart, and John Lukasik discuss their picks for College Football Week 13
Sports Betting Spotlight: NFL Week 12
Todd Dewey, Kelly Stewart, and John Lukasik discuss their picks for NFL Week 12
Sports Betting Spotlight: College Football Week 12
Todd Dewey, Kelly Stewart, and John Lukasik discuss their picks for College Football Week 12.
Sports Betting Spotlight: NFL Week 11
Todd Dewey, Kelly Stewart, and John Lukasik discuss their picks for NFL Week 11.
Sports Betting Spotlight: NFL Week 10
Todd Dewey, Kelly Stewart, and John Lukasik break down the NFL Week 10 slate.
Sports Betting Spotlight: College Week 11
Todd Dewey, Kelly Stewart, and John Lukasik break down college football week 11 match ups.
Sports Betting Spotlight: NFL Week 9
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 9 of the NFL football season.
Sports Betting Spotlight: College Week 10
Description: Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 10 of the college football season.
Sports Betting Spotlight: NFL Week 8
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 8 of the NFL football season.
Sports Betting Spotlight: College Football Week 9
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 9 of the college football season.
Sports Betting Spotlight: College Football Week 8
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 8 of the college football season.
Sports Betting Spotlight: NFL Week 7
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 7 of the NFL football season.
Sports Betting Spotlight: College Football Week 7
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 7 of the college football season.
Sports Betting Spotlight: College Week 6
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 6 of the college football season.
Sports Betting Spotlight: NFL Week 5
Todd Dewey, Kelly Stewart and John Lukasik pick their best bets for week 5 of the NFL football season.
Sports Betting Spotlight: College Week 5
Todd Dewey and John Lukasik go over their picks for week five of college football.
Sports Betting Spotlight: NFL Week 4
Todd Dewey and John Lukasik go over their picks for week four of the NFL.
Sports Betting Spotlight: College Football Week 4
Todd Dewey, Kelly Stewart and The Cromwell sports book director, John Lukasik go over their picks for week four of college football.
Sports Betting Spotlight: NFL Week 3
Todd Dewey, Kelly Stewart and The Cromwell sports book director, John Lukasik go over their picks for week three of the NFL.
Sports Betting Spotlight: Canelo vs. GGG
Todd Dewey, Kelly Stewart and The Linq Hotel sports book director, John Lukasik go over the lines and their picks for Canelo vs. GGG 2.
Sports Betting Spotlight: College Football Week 3
Todd Dewey, Kelly Stewart and The Linq Hotel sports book director, John Lukasik go over their picks for week three of college football.
Sports Betting Spotlight: NFL Week 2
Todd Dewey, Kelly Stewart and The Linq Hotel sports book director, John Lukasik go over their picks for week two of the NFL.
Sports Betting Spotlight: NFL Week 1
Todd Dewey, Kelly Stewart and Matt Holt go over their picks for week one of the NFL.
Sports Betting Spotlight: College Week 2
Todd Dewey, Kelly Stewart and USIntegrity president Matt Holt goes over their picks for week two of college football.
Sports Betting Spotlight: New York Giants
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 New York Giants season.
Sports Betting Spotlight: New York Giants
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 New York Giants season.
Sports Betting Spotlight: Buffalo Bills
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 Buffalo Bills season.
Sports Betting Spotlight: New York Jets
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 New York Jets season.
Sports Betting Spotlight: Miami Dolphins
Todd Dewey, Kelly Stewart and Sunset Station sports book director Chuck Esposito go over the lines for the 2018 Miami Dolphins season.
Sports Betting Spotlight: Atlanta Falcons
Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the Atlanta Falcons will perform in the 2018 season.
Sports Betting Spotlight: Carolina Panthers
Todd Dewey, Kelly Stewart and Wynn Sports Book Director Johnny Avello go over how the Carolina Panthers will perform in the 2018 season.
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like