Nevada Beats New Jersey in Sportsbetting Revenues for June

The state of Nevada has unveiled their sportsbetting numbers for June, showing that the Silver State beat the Garden State in terms of the amount wagered.

Nevada saw $322.1 million wagered on sports for June, beating out the $273 million wagered in New Jersey during the same period. The number was 12.4% higher for Nevada than the same period last year. Baseball betting took up $208.7 million of the total, up 14.2% from 2018, while basketball wagers were up as well, reaching $51.4 million.

Revenues were down 20% from last year to $16.6 million, as win percentage dropped from 7% to 5.2%.

New Jersey has stood as the largest competitor to Nevada thus far when it comes to sportsbetting revenues. This is largely due to Nevada relying on visitors to Las Vegas and Reno to place wagers, while New Jersey has a large resident population and sits across rivers from major hubs like Philadelphia and New York. The result has seen New Jersey overtaking Nevada for the majority of the year, but the recent results show that the battle may be far from over.

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bgsharpe
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31 July 2019 - 6:03pm
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Yeah, obviously it's been a great month for Nevada in terms of betting revenues but in long term should not be tha tough to predict NJ would win this battle...unless maybe if online gambling being legalized in the Silver State as well..but even if that happen I still think NJ would have the edge in the end.

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