Nevada Gaming Win Close To Record in March As Sports Betting Also Rises
Nevada came within a few slot jackpots of setting an all-time record for overall gaming win in March.
March’s overall gaming win in Nevada was $1.355 billion, just a shade under the all-time $1.359 billion set in July 2021.
March was the 13th month in a row Nevada’s gaming industry has hit the billion-dollar mark. The March 2022 figure was an increase of nearly 27% from March 2021.
Busy April Calendar in Las Vegas
Considering the Vegas events calendar in April — which has already included two weekends of concerts by the wildly popular Korean music group BTS and the NFL Draft (today through Saturday) — April might push to the $1.5 billion mark, depending on the whims of Lady Luck.
Sportsbooks should get a boost as NFL fans flock into town. As many as 200,000 visitors are expected to gather for the rollcall of star college players being selected by teams during the NFL Draft.
As far as sports wagering was concerned in March, the overall handle was $863.3 million, up 10.6% from February ($780.8 million) and up 34.7% from March 2021 ($641 million). The vast majority of that sports betting handle was on basketball, which accounted for $708.9 million, boosted greatly by the NCAA Basketball Tournament.
Nevada Sports Betting, March vs. February
Sports betting revenue was $37 million, up 19.4% from February ($31 million) but down 6.2% from March 2021 ($39.3 million).
Online sports wagering handle was $576.6 million, which was 66.8% of the total handle. The March online sports handle was an increase of 12.5% from February ($512.4 million) and up 49.7% from March 2021 ($385.1 million). Mobile sports betting handle was 66.8% of total handle.
Nevada does not offer real money online casino play, with the notable exception of Internet poker. And for online sports wagering, customers have to register in-person instead of online.