Vegas Sportsbook Nfl
Nevada sportsbooks won more money in November than in any other month in the state's 50-plus-year sports betting history.
Super Bowl 55 Betting Update SB 55 Penalty Breakdown BetMGM Super Bowl Bonus FOX BET SB55 Bonus Promo Super Bowl 55 MVP Best Bets Hot & Not Report - Bucs vs. Chiefs Super Bowl 55 Betting Angles Westgate SuperBook SB55 Props William Hill Super Bowl 55 Props Super Bowl Parlay Predictions DraftKings SB 55 Bonus Offer PrizePicks Bonus - Sign Up Today! LAS VEGAS (KTNV) — The NFL season is officially underway. And that means sportsbooks are going to be busy taking bets while dealing with COVID-19 precautions. Sports betting is quickly becoming a.
The state's sportsbooks won a net $61.8 million in November, besting the previous mark of $56.4 million set in September 2018, according to numbers released Tuesday by Nevada Gaming Control.
Football was the catalyst of the record November, which featured five weekends. The sportsbooks won a net $56 million off the $502 million in bets that were placed on NFL and college football. The amount won and wagered are records for football in a month.
NFL underdogs went 42-28 against the spread in November, contributing to the tough luck for the betting public, which typically backs favorites.
'The win was all about pro football results,' said Jay Kornegay, vice president of race and sports for the SuperBook at Westgate Las Vegas. 'I'd say 90 percent of the largest NFL decisions went our way in November, including some that were among our biggest wins ever.'
Kornegay said two games stood out in November for his sportsbook.
'Everyone bet Tampa, and that really capped one of the biggest Sundays we've ever had,' Kornegay said of the New Orleans Saints' 38-3 win over the Tampa Bay Buccaneers on Nov. 8.
The New England Patriots' 23-17 upset of the Baltimore Ravens on Nov. 15 also produced a significant win for the SuperBook, Kornegay said.
Overall, $609.6 million was bet with Nevada sportsbooks, a 0.8% decrease from the amount wagered in November last year. There was no NBA or NHL this November.
Nevada casinos are operating at reduced capacity because of the coronavirus pandemic. As a result, the amount casinos won on sports in November topped the amount won on blackjack ($58.1 million) in a month for the first time, according to Nevada Gaming Control.
If you are a fan of sports betting you will LOVE Las Vegas. Being the only state in the union that allows legal betting on all of the major individual sports leagues and events, Las Vegas draws thousands of sports bettors year round. Almost all Las Vegas casinos feature a sportsbook and a number of big screen TVs which creates a great sports betting environment.
Las Vegas sports betting experience online at BetOnline.ag! If you sign up for an account you will receive up to $900 FREE on your first deposit! Click Here to start betting online!
Las Vegas Sportsbook Nfl Scores
Although sports betting has one of the lower win percentages for casinos, it still draws millions in revenue for Vegas casinos year round. The most popular sports betting event in Las Vegas is by far the Super Bowl, which draws thousands of sports bettors each February to bet on the big game. Not far behind the Super Bowl is the March Madness college basketball tournament which also draws some big numbers to Vegas to bet on the event.
With the popularity of online sportsbooks increasing there is no doubt that the Las Vegas sportsbooks are losing a little bit of business, but they are always going to bring in some great numbers for casinos. I do my sports betting online daily of course, but I love making a trip down to Vegas to bet on some sports and have some fun, and I know a lot of sports bettors are the same.
Las Vegas Sports Betting Revenue
Below are the numbers that Las Vegas casinos made in revenue from sports betting in 2009:
Overall
Total Amount Bet – $2.4 Billion
Total Casino Win (revenue) – $136.3 Million
Win Percentage (percent of money played that casino kept) – 5.31%
Football
Total Amount Bet – $1.0 Billion
Total Casino Win – $48.6 Million
Win Percentage – 4.45%
Basketball
Total Amount Bet – $802.5 Million
Total Casino Win – $38.2 Million
Win Percentage – 4.76%
Baseball
Total Amount Bet – $488.5 Million
Total Casino Win – $21.4 Million
Win Percentage – 4.38%
Parlay Cards
Total Amount Bet – $58.9 Million
Total Casino Win – $19.2 Million
Win Percentage – 32.57%
Other
Total Amount Bet – $126.0 Million
Total Casino Win – $8.8 Million
Win Percentage – 6.98%
Sportsbooks are huge for Vegas casinos, bringing in $136.3 Million in 2009. The only games which brought in more money were 3 card poker, roulette, craps, baccarat, blackjack, and slot machines. It seems as bettors do well with sports betting as the casino only has a 5.31% win percentage, compared to 11.31% for blackjack, and 12.04% for all table games.
Some Other Revenue Numbers:
Vegas Nfl Betting Trends
From 1984 to 2011 Nevada has done pretty well for themselves…
- Total amount bet on sports in Nevada since 1984: $57,274,051,000 ($57.3 billion)
- Total amount won by Nevada sports books since 1984: $2,613,725,000 ($2.6 billion)
Since 1992 baseball betting has been the most profitable for bettors…
- Average win percentage on football since 1992: 4.53%
- Average win percentage on basketball since 1992: 4.69%
- Average win percentage on baseball since 1992: 3.01%
- Average win percentage on parlays since 1992: 29.71%
- Average win percentage on “other” since 1992: 5.48%
Las Vegas rarely has a losing month when it comes to football, but it does happen. Here is a list of some losing regular season football months for Nevada sports books:
- November 2012: -$5.29 million
- October 2012: -$6.23 million
- November 2010: -$2.48 million
- December 2005: -$3.31 million
- November 2005: -$11.28 million
How To Read Las Vegas Odds Boards
Las Vegas Sportsbooks
• Aria
• Arizona Charlie’s Decatur
• Arizona Charlie’s Boulder
• Bally’s
• Barley’s
• Bellagio
• Bill’s Gamblin’ Hall and Saloon
• Boulder Station
• Buffalo Bill’s
• Caesars Palace
• California
• Casino MonteLago
• Circus Circus
• Ellis Island
• Excalibur
• Fiesta Rancho
• Fiesta Henderson
• Fitzgeralds
• Flamingo
• Fremont
• Gold Coast
• Golden Gate
• Golden Nugget
• Green Valley Ranch
• Hard Rock Hotel Casino
• Harrah’s
• Las Vegas Hilton
• Hooters
• Imperial Palace
• Luxor
• M Resort
• Mandalay Bay
• MGM Grand
• Mirage
• Monte Carlo
• New York-New York
• Orleans
• Palace Station
• Palazzo
• Palms
• Paris
• Planet Hollywood
• Plaza
• Primm Valley
• Railroad Pass
• Red Rock Resort
• The Rampart Casino
• Rio
• Riviera
• Sahara
• Sam’s Town
• Santa Fe Station
• Silverton
• Skyline
• South Point
• Stratosphere
• Suncoast
• Sunset Station
• Texas Station
• Treasure Island
• Tropicana
• Venetian
• Wild Wild West
• Wynn
Resources:
David G. Schwartz. Nevada Sports Betting Totals: 1984-2011. Las Vegas: Center for Gaming
Research, University Libraries, University of Nevada Las Vegas, 2012.