Jump to content

Nevada sportsbooks have record September


MonkeyF0cker
 Share

Recommended Posts

  • Replies 176
  • Created
  • Last Reply

Top Posters In This Topic

I don’t know all that much about Dufty other than he’s been around forever. Obviously Avello not taking any type of sharp action for any real money. Unlike most at Draft Kings he’ll at least know what it is when he sees it though.

Dufty was manager at the Sands, Avello and myself were the supervisors at the time.

Link to comment
Share on other sites

Dufty was manager at the Sands, Avello and myself were the supervisors at the time.

That I actually knew from you posting about it. Other than that I’m only familiar with him at Jerry’s Nugget.

 

I was also a coworker with Avello under the Caesars umbrella, not a bad guy but certainly has an overinflated opinion of himself.

Link to comment
Share on other sites

  • 1 month later...

MGM is using Ladbrokes for their non-nevada betting.  I don't know how that's going to work, but if ladbrokes is running it it will be a 100% opposite how the book in LV.

 

Just posted this across the street and remembered that I never updated this thread...

 

MGM deals different numbers between Las Vegas, New Jersey, and Mississippi but they all originate from Las Vegas.  Due to legal issues, they are not able to offer their Nevada PlayMGM app in the other states.  The other states want to create jobs.  So they force them to house servers in their state and formed a partnership with GVC to do so.  The numbers are sent from the MGM control room in Las Vegas and the GVC people in each of the other states set them accordingly.

Link to comment
Share on other sites

  • 5 weeks later...
I haven't seen dec #s but November increase was huge as everybody got set up on mobile

 

"Garden State operators generated $21.2 million in revenue on a whopping $330 million in overall handle. That represents by far the most money wagered in a single month to date in the nascent NJ sports betting market.

 

That win resulted in $2.45 million in tax revenue from New Jersey sports betting.

 

More than 72 percent of money wagered on sports in New Jersey in November came via mobile and online platforms. Of the $330 million total, more than $238 million came via those channels."

 

https://www.google.com/url?sa=i&source=undefined&cd=&ved=0ahUKEwij_N_H7e3fAhWvhOAKHf_7DqEQzPwBCAM&url=https%3A%2F%2Fwww.legalsportsreport.com%2F26689%2Fnew-jersey-sports-betting-revenue-november-2018%2F&psig=AOvVaw0vgqh4xM2QfhckbUeDaCot&ust=1547575347128788

Link to comment
Share on other sites

just found Dec for NJ

 

December’s total ($319 million) was down slightly from what New Jersey saw in November ($330.7 million).

 

In December, 75 percent of the money wagered in the state was done so on an app or a website. That number was 62 percent since New Jersey took its first bet on June 14.

 

A total of $1.24 billion was bet in the first six-and-a-half months of legal sports gambling in New Jersey, as the December handle was published Monday by the state’s Division of Gaming Enforcement.

 

https://www.actionnetwork.com/news/new-jersey-sports-betting-revenue-december-2018

Link to comment
Share on other sites

I haven't seen dec #s but November increase was huge as everybody got set up on mobile

 

"Garden State operators generated $21.2 million in revenue on a whopping $330 million in overall handle. That represents by far the most money wagered in a single month to date in the nascent NJ sports betting market.

 

That win resulted in $2.45 million in tax revenue from New Jersey sports betting.

 

More than 72 percent of money wagered on sports in New Jersey in November came via mobile and online platforms. Of the $330 million total, more than $238 million came via those channels."

 

https://www.google.com/url?sa=i&source=undefined&cd=&ved=0ahUKEwij_N_H7e3fAhWvhOAKHf_7DqEQzPwBCAM&url=https%3A%2F%2Fwww.legalsportsreport.com%2F26689%2Fnew-jersey-sports-betting-revenue-november-2018%2F&psig=AOvVaw0vgqh4xM2QfhckbUeDaCot&ust=1547575347128788

Wow. There are some awful gamblers in NJ if they are holding $21 million off of $330 million in handle at -110.

Link to comment
Share on other sites

Probably has something to do with the outs available in NJ. No South Point or Westgate type of outs in NJ like Nevada has. Instead, they have Euro books which will hold higher and generate less revenue. Would be nice if you could see breakdowns of individual books. Might lead to some of these dumb books to realize that sharp action and increased volume/revenue isn't a detriment to their bottom line.

Link to comment
Share on other sites

The hold in NV was 5.1 in 2017, which seems pretty typical to me. Take away the parlay cards and that obviously goes down.

 

I don’t think those hold percentages in NJ are sustainable. They were obviously going to get a lot of newer square type bettors come out of the woodwork due to the initial excitement, but they will generally fade away as they keep losing.

 

Will be interesting to see how the books there react when their margins get a little thinner. Especially at the brick and mortar shops when the crowds inevitably get much much smaller this summer.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share


×
×
  • Create New...