The sovereignty of sports betting among other forms of gambling is again confirmed by the Gaming Control Board this Thursday when they said Sports betting remains the top grossing segment for gaming operators here in Nevada. Knowingly, Nevada is one of the few US States where online sports betting is allowed with some restrictions hence every bettor tries to wager using the leverage given by the Federal Government and we have a record number of revenue every month in this State. Factually, sports betting leads among the other offerings by the casinos both online and offline and it has been the 32nd month in last 36 when sports betting helped casinos revive their balance sheets. If we compare the sports pool revenue on YoY basic there has been a record seventy percent increase to the last year figure which is a record in itself, and looking at this growth, other states have a strong chance to get legalized to offer sports betting services legitimately and if we look at sports betting share in this pool, there has been an impressive 16 percent jump from the last year figure of the same period.
The senior research analyst at Union Gaming covering the Las Vegas market, John DeCree, said talking about the impressive growth in this segment, “Mobile betting apps are a key driver of the increased wagers, which make it easier for people to place bets. The rise of fantasy sports has attracted a larger pull for sports betting as well. In addition, the expansion of in-game and proposition wagering is all driving higher sports book volumes.”
If we look at other casino games and how good they could be for the casinos’ bankroll, Baccarat is the unusual game that saw almost a ten percent growth in the last year which is quite surprising for everyone since there has been a general perception slots are the most popular online casino games today. However, talking about slots share in the casinos total revenue, DeCree added, “The slot play in the month looked fine, but the table volumes were a little lighter than we had anticipated. Given some of the new amenities that opened in the month on the Strip, like the T-Mobile Arena and The Park, nongaming may have grabbed a greater share of tourist dollars, which could explain some of the softer gaming volumes.”