Nevada Sports Betting Handle Increases This March

March has been a good month for gambling in Nevada. First, retail casinos and sports betting facilities are slowly reopening. Second, of course, is March Madness, which is one of the biggest sports tournaments in the country. Many bookie pay per head sportsbooks earned a lot from March Madness alone. The boost from these contributes to the improvements in the numbers for gambling this March. The Nevada sports betting handle has in fact, increased by 15.7%.

The 15.7% increase from February to March gives the state a total sports betting handle of $641 million from February’s $554 million. And if we look at the state’s year-on-year data, we have a whopping 354.2% increase from March 2020’s $141.1 million. In case you do not remember, March 2020 was when most of the world was shut down and people were given stay-at-home orders as the pandemic spread across the world.

Nevada Sports Betting Numbers

Gambling software companies also enjoyed an increase in mobile handle in Nevada for March. The total mobile betting handle for March is $385.125 million, up 21.7% from February’s $316.347 million. As for the state’s revenue, March’s revenue is at $39.346 million. This is 23.6% higher than February’s $31.846 million. Looking at the numbers, mobile betting is 60% of the total handle for the month. Normally, states that have both online and retail wagering have the majority of wagers done online. For instance, in states like New Jersey and Pennsylvania, mobile wagers take up more than 90$ of the total handle.

But, just like the best sportsbook pay per head, the experience is a big factor in seeing players stay in their preferred sportsbooks. Nevada, Las Vegas in particular, is a known hotspot for retail gambling and a highly established tourist destination. This gives the state a larger share in retail gambling. Of course, another factor would be that online bettors need to register in person at a casino or sportsbook before they can bet on their favorite sports online.

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