Sports betting jump aids Nevada January revenues

Mobile betting accounted for more than half of Nevada’s January sports handle, with overall revenues at US$1.27bn.

Betting with online sportsbooks was down 26.2 per cent year-on-year in January to $581.5m.

Although, overall sports betting handle climbed from December, reaching $936.5m in January after $880.4m was posted by Nevada in December.

Nevada’s total revenue of $1.27bn was an increase of 18 per cent year-on-year and made January the 23rd consecutive month in which the state has generated over $1bn in revenue.

Slot machines accounted for most of the revenue at $847m, which was a 16 per cent rise year-on-year.