“There’s no better place, whether it’s March Madness or Sunday morning football when you have eight games, than to sit in our big, beautiful sportsbooks and be able to watch all these games at the same time.” “First and foremost, we still have some of the best destination sportsbooks where people want to come in and watch their games,” he said. Station Casinos sportsbook vice president Jason McCormick pointed to five factors that have helped fuel Nevada’s robust growth as legal sports betting has spread to 33 states and Washington, D.C. “The general health of the sports betting industry in Nevada has never been stronger,” Gaming Control Board senior economic analyst Michael Lawton said. The handle skyrocketed to $8.1 billion in 2021 and to $8.7 billion in 2022, almost doubling the figure from the final pre-PASPA year of 2017 and more than tripling the total from 2010. But bettors have since come back with a vengeance. The number dropped to $4.3 billion in 2020, when the COVID-19 pandemic closed casinos and sidelined sports. The state’s sports betting handle, or amount of money wagered, surpassed $5 billion for the first time in 2018 and set a state record for the 10th straight year in 2019, when books took $5.3 billion in bets. On the fifth anniversary of the May 14, 2018, repeal of the Professional and Amateur Sports Protection Act (PASPA) - which paved the way for other states to offer sports betting - any fears that it would have a negative impact on Nevada, largely Las Vegas, have proven to be unfounded. Supreme Court struck down the federal ban on sports betting, ending Nevada’s virtual monopoly on the market, business is booming at the state’s sportsbooks. (Rachel Aston/Las Vegas Review-Journal) years after the U.S.

Attendees react to Super Bowl LVII at Caesars Palace sportsbook in Las Vegas, Sunday, Feb.

Sports betting industry nevada