Nevada September revenues down 8% as handle dips
Online makes up 20% of Rhode Island’s betting revenues in first month of launch
September betting revenues in Nevada reached $52m, down 8% on the previous year as the state’s sportsbooks paid out more to bettors.
Overall handle was $546m with operators having a hold percentage of 9.5%.
Nevada surpassed New Jersey as the highest earning state for the first time since June, as New Jersey handled $445m in bets in the same month, with operators holding around 8.5% of wagers for $37.9m in revenue.
Eilers & Krejcik managing director Chris Krafcik said Nevada’s destination appeal trumped New Jersey’s superior mobile product during peak sports betting months like September and March.
Elsewhere in Rhode Island betting earnings increased 195% on the previous month to $2.5m.
In its first month since launching, online betting made up 20% of total revenues and recorded a handle of $3.3m.
Twin River reigned in September with earnings of $1.6m, while Tiverton Casino took $438,790.