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Nevada sportsbooks have record September


MonkeyF0cker
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More money was bet -- and lost -- at Nevada sportsbooks in September than any other month since the state began tracking sports betting revenue reports in 1984.

 

Nevada books won $56.3 million off $571 million in bets in September. Both are all-time highs, according to Nevada Gaming Control, which released September revenue numbers Tuesday.

 

The $56.3 million win tops the previous record set in September 2012 ($53.3 million), and the $571 million wagered eclipsed last October's historical high mark of $565 million.

 

Football was the catalyst for the historic month. Bettors lost a net $44.3 million off approximately $389 million in bets on the NFL and college football in September.

 

The record month came in the first football month since additional states outside of Nevada began offering legal sports betting. This spring, the U.S. Supreme Court struck down a federal statute and opened a path for states to legalize sports betting. Sportsbooks have since opened in Delaware, Mississippi, New Jersey, New Mexico and West Virginia, with Pennsylvania and Rhode Island poised to begin taking bets in the coming months.

 

The new competition did not slow down the betting action in Las Vegas.

 

"I think we have believed all along that the expansion of sports betting outside of Nevada would not hurt our business but could actually help it grow as it gains more exposure and acceptance nationwide," Michael Lawton, senior research analyst for Nevada Gaming Control, told ESPN. "This month's numbers support that theory and we are very encouraged by this month's results; however, it is still very early in the game as far as sports betting expansion is concerned."

 

New Jersey's division of gaming enforcement reported that the state's sportsbooks won $24 million off $183.9 in bets in September.

 

While bettors struggled in September, they have battled back somewhat in October. Multiple Nevada sportsbooks reported back-to-back losing NFL Sundays the past two weeks, and some shops said this past Sunday was their worst of the NFL season so far.

 

It appears the bookmaking business will survive, though. September was the 62nd straight month that Nevada sportsbooks have come out ahead against bettors. The last losing month statewide for the books came in July 2013, when bettors won $548,000.

http://www.espn.com/chalk/story/_/id/25126270/nevada-sportsbooks-record-september

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Most of the sportsbook hubs are and will be run out of Vegas. And the others have been hiring Vegas staff. So it will always be important.

Always?

 

Get real bro

 

Oklahoma city has a bigger population

 

I give it 20 years tops

 

Who wants to vacation in a dessert to gamble when you can do it at a ski resort, beach, big city, etc?

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Congress is already talking about doing something with gambling so they can get money to the NFL. A pretty good chance they are going to set a framework for a basic setup across all states and may even make moves to allow intrastate gambling in the future. I don't think the state regulation is going to last all that long. 

 

If you ever get intrastate gambling, it will be the state that will willing to offer the least regulations that becomes the gambling hub and all states will just take their cut. 

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Congress is already talking about doing something with gambling so they can get money to the NFL. A pretty good chance they are going to set a framework for a basic setup across all states and may even make moves to allow intrastate gambling in the future. I don't think the state regulation is going to last all that long.

 

If you ever get intrastate gambling, it will be the state that will willing to offer the least regulations that becomes the gambling hub and all states will just take their cut.

I don't know how many times you can be wrong about this stuff.

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Too many to count but here's a start...

 

1. New Jersey dominating the sports betting markets.

2. Other states following New Jersey's lead.

Uhh, what is the biggest sports betting state outside of Nevada? What state is half way to Nevada's RECORD in its first month of football? I said New Jersey might overtake Nevada handle in as little as 5 years. That's looking right on.

 

I also predicted DraftKings would get into sports betting way ahead of this.

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You can't do math apparently. Half of 500+ isn't in the 100's. They aren't even at 1/3 of Nevada's handle. It's already as easy as it can be to fund a New Jersey account. With TONS of hype, they're putting up numbers not even close to Nevada.

 

LOL. Everyone knew DraftKings was getting into sports betting. That's like saying you knew yesterday that today would be Halloween.

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Uhh, what is the biggest sports betting state outside of Nevada? What state is half way to Nevada's RECORD in its first month of football? I said New Jersey might overtake Nevada handle in as little as 5 years. That's looking right on.

 

I also predicted DraftKings would get into sports betting way ahead of this.

 

 

How the hedge funds guys doing with their syndicates?   THey crushing those $87 limits?

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