MonkeyF0cker Posted October 30, 2018 Report Share Posted October 30, 2018 More money was bet -- and lost -- at Nevada sportsbooks in September than any other month since the state began tracking sports betting revenue reports in 1984. Nevada books won $56.3 million off $571 million in bets in September. Both are all-time highs, according to Nevada Gaming Control, which released September revenue numbers Tuesday. The $56.3 million win tops the previous record set in September 2012 ($53.3 million), and the $571 million wagered eclipsed last October's historical high mark of $565 million. Football was the catalyst for the historic month. Bettors lost a net $44.3 million off approximately $389 million in bets on the NFL and college football in September. The record month came in the first football month since additional states outside of Nevada began offering legal sports betting. This spring, the U.S. Supreme Court struck down a federal statute and opened a path for states to legalize sports betting. Sportsbooks have since opened in Delaware, Mississippi, New Jersey, New Mexico and West Virginia, with Pennsylvania and Rhode Island poised to begin taking bets in the coming months. The new competition did not slow down the betting action in Las Vegas. "I think we have believed all along that the expansion of sports betting outside of Nevada would not hurt our business but could actually help it grow as it gains more exposure and acceptance nationwide," Michael Lawton, senior research analyst for Nevada Gaming Control, told ESPN. "This month's numbers support that theory and we are very encouraged by this month's results; however, it is still very early in the game as far as sports betting expansion is concerned." New Jersey's division of gaming enforcement reported that the state's sportsbooks won $24 million off $183.9 in bets in September. While bettors struggled in September, they have battled back somewhat in October. Multiple Nevada sportsbooks reported back-to-back losing NFL Sundays the past two weeks, and some shops said this past Sunday was their worst of the NFL season so far. It appears the bookmaking business will survive, though. September was the 62nd straight month that Nevada sportsbooks have come out ahead against bettors. The last losing month statewide for the books came in July 2013, when bettors won $548,000.http://www.espn.com/chalk/story/_/id/25126270/nevada-sportsbooks-record-september Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted October 30, 2018 Report Share Posted October 30, 2018 Jersey Quote Link to comment Share on other sites More sharing options...
RudyRuder Posted October 30, 2018 Report Share Posted October 30, 2018 Jersey offshore Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 30, 2018 Report Share Posted October 30, 2018 New Jersey does 50% of Nevada in basically month one relying heavily on DraftKings. Not bad. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 30, 2018 Report Share Posted October 30, 2018 New Jersey does 50% of Nevada in basically month one relying heavily on DraftKings. Not bad. more like 1/3 of nevada, even though there are 10x the amount of people to draw from in jersey/ny area Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 30, 2018 Report Share Posted October 30, 2018 more like 1/3 of nevada, even though there are 10x the amount of people to draw from in jersey/ny areaSomewhere in between actually. Yes, definitely has a lot of growing room and off to a good start. Quote Link to comment Share on other sites More sharing options...
RudyRuder Posted October 30, 2018 Report Share Posted October 30, 2018 yes alot of room to grow key point Quote Link to comment Share on other sites More sharing options...
theguesser Posted October 30, 2018 Report Share Posted October 30, 2018 If they ever get this shit into NYC, all the Vegas and Jersey numbers will be blown away. Meadowlands benefiting from lots of NYC business. The idiots who didn't pass it immediately in NY are costing the state Millions. Quote Link to comment Share on other sites More sharing options...
sports j Posted October 30, 2018 Report Share Posted October 30, 2018 the indians have alot of pull in Florida i hope this amemdment is successful no more vegas for me Quote Link to comment Share on other sites More sharing options...
sports j Posted October 30, 2018 Report Share Posted October 30, 2018 well maybe not as much Quote Link to comment Share on other sites More sharing options...
TobyTyler Posted October 30, 2018 Report Share Posted October 30, 2018 Nj should have min 35% increase for Oct, many apps were not up and/or avail for both platforms. Will also go up as regular online (non app) is set up. Silly to compare at this point but dumbfucks like kinger gonna dumbfuck. Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted October 31, 2018 Report Share Posted October 31, 2018 How important will Vegas be to sports wagering in 10 years? Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 At the rate Republicans are taking up gambling, probably not very. I am beginning to think I may even be able to gamble in Texas. Once they realize gambling is a regressive tax, Rs are going to be all over it. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 How important will Vegas be to sports wagering in 10 years?Most of the sportsbook hubs are and will be run out of Vegas. And the others have been hiring Vegas staff. So it will always be important. Quote Link to comment Share on other sites More sharing options...
RudyRuder Posted October 31, 2018 Report Share Posted October 31, 2018 Most of the sportsbook hubs are and will be run out of Vegas. And the others have been hiring Vegas staff. So it will always be important.Always? Get real bro Oklahoma city has a bigger population I give it 20 years tops Who wants to vacation in a dessert to gamble when you can do it at a ski resort, beach, big city, etc? Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 Congress is already talking about doing something with gambling so they can get money to the NFL. A pretty good chance they are going to set a framework for a basic setup across all states and may even make moves to allow intrastate gambling in the future. I don't think the state regulation is going to last all that long. If you ever get intrastate gambling, it will be the state that will willing to offer the least regulations that becomes the gambling hub and all states will just take their cut. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 Always? Get real bro Oklahoma city has a bigger population I give it 20 years tops Who wants to vacation in a dessert to gamble when you can do it at a ski resort, beach, big city, etc?It has nothing to do with taking vacations, genius. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 Congress is already talking about doing something with gambling so they can get money to the NFL. A pretty good chance they are going to set a framework for a basic setup across all states and may even make moves to allow intrastate gambling in the future. I don't think the state regulation is going to last all that long. If you ever get intrastate gambling, it will be the state that will willing to offer the least regulations that becomes the gambling hub and all states will just take their cut.I don't know how many times you can be wrong about this stuff. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 I don't know how many times you can be wrong about this stuff.I don't either. But I have to be wrong once first. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 Name one thing on this subject you've been right about. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 Name one thing on this subject you've been right about.Lets make this easier. You name one thing I have wrong about so far. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 Too many to count but here's a start... 1. New Jersey dominating the sports betting markets.2. Other states following New Jersey's lead.3. Vegas will be irrelevant in sports betting. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted October 31, 2018 Report Share Posted October 31, 2018 Too many to count but here's a start... 1. New Jersey dominating the sports betting markets.2. Other states following New Jersey's lead.Uhh, what is the biggest sports betting state outside of Nevada? What state is half way to Nevada's RECORD in its first month of football? I said New Jersey might overtake Nevada handle in as little as 5 years. That's looking right on. I also predicted DraftKings would get into sports betting way ahead of this. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 31, 2018 Author Report Share Posted October 31, 2018 You can't do math apparently. Half of 500+ isn't in the 100's. They aren't even at 1/3 of Nevada's handle. It's already as easy as it can be to fund a New Jersey account. With TONS of hype, they're putting up numbers not even close to Nevada. LOL. Everyone knew DraftKings was getting into sports betting. That's like saying you knew yesterday that today would be Halloween. Quote Link to comment Share on other sites More sharing options...
rito Posted October 31, 2018 Report Share Posted October 31, 2018 Uhh, what is the biggest sports betting state outside of Nevada? What state is half way to Nevada's RECORD in its first month of football? I said New Jersey might overtake Nevada handle in as little as 5 years. That's looking right on. I also predicted DraftKings would get into sports betting way ahead of this. How the hedge funds guys doing with their syndicates? THey crushing those $87 limits? Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.