Nevada sportsbooks cleaned out bettors in September, breaking their all-time monthly revenue record. The $80.9m total easily surpassed the $72m achieved in November 2021.
twenty-six favorites lost outright in September, the highest total since 2002
Talking to ESPN about the stellar month, Westgate SuperBook Vice President Jay Kornegay explained that sportsbooks “won almost every game” on the NFL schedule in Weeks 2 and 3. Twenty-six favorites lost outright in September, the highest total since 2002 for the season-opening month.
College and professional football combined for 69% of the revenue total, with the $56m figure being the second-best result for the sport in the state’s history. The next biggest contributor was sports falling under the “Other” category, especially UFC 306.
Sportsbooks were brought back down to reality in October after just 15 favorites lost their NFL games, with most of them covering the spread. DraftKings even cautioned investors about “customer-friendly sporting outcomes” in its 2024 earnings update on Thursday, downgrading its revenue estimate for the full year as a result.
