January marked the fourth consecutive month for Nevada recording more than $1 billion in sports betting handle. January’s sports betting handle in Nevada was up 71.6% over the same period a year ago. In a from Nevada’s doubledowncasino Control Board, it noted a record total of $1.109 billion in sports bets placed in January. Nevada, New Jersey, and New York are the only three states to surpass the $1 billion monthly mark.
Nevada’s streak started last October when was bet at Nevada sportsbooks.
The $1 billion trend continued in Nevada in and . The 2021 YTD numbers for Nevada Sports Betting were eye-popping: $8.1 billion in handle, 445.1 million in revenue, and $30 million in taxes.
While many were initially concerned that the legalization of sports betting in other states would negatively affect Nevada, that has certainly not been the case. Nevada remains a sports betting haven with the widest variety of apps and betting markets.
Looking for the best betting app? Let’s examine everything there is to know about Nevada sports betting in case you want to download a mobile sports betting app in the future.
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Upcoming Sporting Events To Bet On In Nevada
April 2, 2022
- North Carolina vs. Duke
- Villanova vs. Kansas
April 4, 2022
- Championship Game
Wednesday, March 30
- Golden Knights at Kraken
Friday, April 1
- Golden Knights at Kraken
Sunday, April 3
- Golden Knights at Canucks
Tuesday, March 29
- Lakers at Mavericks
Friday, April 1
- Pelicans at Lakers
March 31-April 3
Valero Texas Open
Sunday, April 3
Toyota Owners 400 at Richmond Raceway
Nevada Sports Betting Recent Updates
March 7, 2022:
The Thomas & Mack Center in Las Vegas will host the 2022 Mountain West Conference Men’s Basketball Tournament from March 9-12.
February 25, 2022:
January marked the fourth consecutive month for Nevada recording more than $1 billion in sports betting handle. In a from Nevada’s doubledowncasino Control Board, it noted a new record of $1.109 billion in sports bets placed in January.
January 17, 2022:
Starting with October of last year, a was bet at Nevada sportsbooks. This marked the first time Nevada handled more than $1 billion in bets in a month. The $1 billion trend continued in Nevada in and . The 2021 YTD numbers for Nevada Sports Betting were eye-popping: $8.1 billion in handle, 445.1 million in revenue, and $30 million in taxes.
December 1, 2021:
Visitors to Nevada racebooks can now place wagers on horse races from Oaklawn Park and Turfway Park Fair Grounds after between Churchill Downs Inc. and the Nevada Pari-Mutuel Association.
November 30, 2021:
$1.1 billion in sports betting handle for the month of October. 64% of that came from mobile sports betting.
Nevada Legal Sportsbooks
Ultimately, Nevada residents have no reason to try offshore or illegal sports betting sites. Legal sportsbooks in Nevada are much safer, offering advanced digital security and regulation. Both of these measures prevent cybercriminals from accessing your personal information or winnings and give you an effective method to report a crime or grievance if you believe a sportsbook is inappropriately withholding your winnings.
You will need to pay taxes on your winnings, of course. Note that winnings are taxed according to the year in which you win them, not when you withdraw them. For example, if you win a sports wager for $1,000 in 2021, you’ll need to report this income on your 2021 tax returns, which will be filed in 2022.
Sportsbooks, meanwhile, must also report any winnings or profits to the Nevada doubledowncasino Control Board and Nevada doubledowncasino Commission, both of which are responsible for licensing and regulating gambling activities in the state. Taxes for Nevada sportsbooks were once high but are now very low (just 0.25%).
Nevada Sports Betting Revenue
Nevada has recorded more than $1 billion in sports betting handle for four straight months. Nevada’s doubledowncasino Control Board a record total of $1.109 billion in January.
The 2021 YTD numbers for Nevada were astounding, too: $8.1 billion in handle and $445.1 million in revenue.
There’s no doubt that Nevada has benefited greatly from allowing online sports wagering. Indeed, the state government makes huge profits every month both from retail and online sports betting.
In addition, Nevada had a monopoly on sports wagering from 1992 to 2018, increasing its profits exponentially. While sports betting is now legalized in many other US states, Nevada’s state government still makes a hefty profit from sports betting revenue.
October 2021 was a record-breaking month with a total betting handle of over $1.1 billion in Nevada, and 64% of that came from online sports betting.
Due to these high profits, it’s unlikely that Nevada will ever remove online or brick-and-mortar sports betting.
How Nevada Compares To Other States
Compared to other states, Nevada is a sports bettor’s dream. For one, retail sports betting has been a reality for decades and online sports betting has been around since 2013. In fact, many of the US’s modern sports betting giants got their start in Nevada because it was the only place they could legally operate.
It’s because of this history, and the state government’s overall comfort with gambling, that revenue is so high and that sports betting continues to bring in significant profits for all involved.
Nevada Sports Betting Successes And Failures
Nevada Sports Betting Success
Nevada continued its run of recent success with a record monthly total of $1.109 billion in sports betting handle in January. It marked the fourth consecutive month that Nevada eclipsed the $1 billion mark.
So far, Nevada’s sports betting efforts have been a massive success. As mentioned above, state revenue is quite high and appears to only be going higher.
Furthermore, sports betting has been accepted as a fact of life by Nevada residents for decades. There’s virtually no pushback regarding online or legal gambling in any form.
Where Could Nevada Improve Online Gambling
There is one place in which Nevada could improve its online gambling space, and that lies in the registration process. Nevada, alongside other states like Illinois, required sports bettors to visit a brick-and-mortar casino to complete the registration process. Illinois subsequently lifted this restriction and began allowing online registration in May 2022.
Nevada runs a very tight ship in regard to legal gambling of any kind (probably because so much of it occurs within its borders). It’s unlikely that online-only registration will become the norm anytime soon.
Legalization Effort In Nevada
Nevada has a colorful history with sports betting legalization. It began in 1931 once gambling was officially legalized statewide. Before this point, any Las Vegas sports betting had taken place within illegal books or within a few semi-legal turf clubs.
In 1951, the federal government imposed a flat 10% tax rate on any legal sportsbooks in Nevada (currently operating in legal turf clubs). Only 23 years later, in 1974, the federal government loosened its restrictions on sports betting in Las Vegas and lowered the tax from 10% to 2%. This resulted in a massive expansion of retail sportsbooks throughout the state.
This began a chain reaction that caused sports betting to become widely accepted throughout Las Vegas and beyond. When mobile sports betting became a possibility in the early 2000s, online gambling was never really halted or resisted. It just took time for mobile sportsbooks to develop.
Indeed, 2010 saw Nevada’s state government legalize online gambling with the caveat that sports bettors had to register at retail casinos partnered with individual apps. The apps launched only a few years later in 2013.
Timeline Of Nevada Sports Betting
- 1931 – All gambling is legalized in Las Vegas, though sports betting had to take place at legal turf clubs
- 1951 – A 10% tax is imposed on legal sportsbooks in Las Vegas and throughout Nevada
- 1974 – The tax rate is lowered to 2%
- 1975 – The Union Plaza casino launches the first Las Vegas sportsbook located in a casino as opposed to on a horse race track
- 1983 – The tax for sportsbooks drop even further from 2% to 0.25%. Operators are also allowed to operate more than one sportsbook at a time
- 2010 – Online sports wagering is legalized
- 2013 – Online sportsbook apps finally launch in Nevada
Nevada Professional Sports Teams
Nevada is home to only two of the four major league sports, the Las Vegas Raiders in the NFL and the Las Vegas Golden Knights in the NHL. Nevada bettors, though, can place bets on a variety of professional and collegiate sports even if there isn’t a home team.
NFL Betting In Nevada
When you place a sports wager in Nevada, you’ll be able to put money down on a vast array of professional sports teams. However, only recently did Las Vegas get its own NFL team: the Raiders.
The Raiders moved to Las Vegas in January 2020. Although they didn’t make it to the Super Bowl this past season, they did make the playoffs for the first time in five years. Cincinnati defeated Las Vegas in the opening round of the playoffs, 26-19.
Fortunately, mobile sportsbooks in Nevada will allow you to place a variety of NFL wagers. Depending on the sportsbook you download, you’ll be able to place live bets, futures wagers, and many more bets on the Raiders.
NBA Betting In Nevada
You might also want to place bets on NBA games. Unfortunately, Las Vegas doesn’t have its own NBA team. That said, NBA betting markets are wide and varied. You’ll be able to put bets on individual players, individual games, or even the outcome of the basketball season for any NBA team.
Nevada College Sports Teams
Fortunately, Nevada does not restrict collegiate sports betting. You can place wagers on both home and out-of-state collegiate teams.
Nevada itself has a few local collegiate teams for college football in college basketball. The UNLV Runnin’ Rebels and Nevada Wolf Pack are the two most popular programs in football.
On the basketball side of things, the Nevada Wolf Pack and UNLV Runnin’ Rebels have another rivalry and typically finish near the top of the NCAA’s Mountain West Conference.
Other Sports To Bet On In Nevada
Nevada has no shortage of other sports and gambling events to wager on. Horse racing is popular in the state, due to its long history, as are other sports like boxing, MMA fighting, hockey, and more. Las Vegas Motor Speedway hosts major races each year, so you can put wagers down on NASCAR and other motor racing series.
How To Place A Bet In Nevada
Placing a sports bet in Nevada is pretty quick and easy, though you’ll need to perform an extra step compared to states that have only legalized online sports betting.
Download Your App
First, choose a sportsbook that you want to use. We’d recommend checking out the above five options because they provide excellent sports betting experiences and good opening bonuses if you don’t already have an account with them.
If you have an iPhone device, simply visit the App Store and type in the name of the sportsbook you want to use in the search bar. Then download the sportsbook to your mobile device.
If you have an Android phone or tablet, you’ll need to instead visit the main website of the sportsbook you want to use. The Google Play Store doesn’t allow any gambling apps on its interface. Find a “download for Android” button or something similar on the sportsbook website, then download the app manually.
Register For The Sportsbook
After downloading your sportsbook of choice, you’ll need to complete the registration process. Nevada is one of the few states that requires you to visit a partner land-based casino for any given sportsbook if you want to finalize your account.
To begin, provide the sportsbook with some personal information, like your Social Security number and address. This will be used to verify your age and identity.
After filling out this information, you’ll be directed to the land-based casino with which the sportsbook is partnered. For instance, if you download the Caesars sportsbook, you’ll need to visit a Caesars casino to complete the registration process. The sportsbook you download will tell you which casino to visit based on your geographic location.
Fund Your Account
Once registration is complete, you can fund your sportsbook account using one of many different deposit methods. Most sportsbooks will let you deposit using credit or debit cards, connected bank account, or other choices.
Be sure to take advantage of any opening bonuses depending on the sportsbook you choose to download.
After funding your sportsbook account, you can place a wager. It’s a good idea to check out any opening bonuses that might apply to your account, however. Most sportsbooks include opening bonuses that can give you free wagering credit or loss protection for your first bet or so.
BetMGM offers the bonus code TODAY for a risk-free bet up to $1,000.
Nevada Sports Betting FAQs
No matter where you are in Nevada, the legal gambling age is 21. You’ll need to be at least this old if you want to bet online in any capacity, including participating in sports betting.
So long as it is licensed and regulated, yes. To become a licensed sportsbook, the operator has to prove the security of its app to both of the Nevada regulatory bodies described above. Thus, licensed sportsbooks are digitally safe and are regulated to prevent any theft or criminal activity by the operator in question.
Yes. All Nevada mobile sportsbooks use the same geolocation technology as other sports betting apps. The geolocation tech keeps track of your current location and will prevent you from placing a wager or withdraw your winnings if you step out of state lines.
Yes. Nevada allows you to place wagers on both local and out-of-state collegiate teams and events.
No. DraftKings is not currently operating in Nevada, likely because it does not have an existing contract to provide retail sports betting with a brick-and-mortar casino. All sportsbooks in Nevada must have a land-based partner since registration requires an in-person component.
No. As with DraftKings, FanDuel doesn’t have an agreement with any casino in Nevada, so they can’t provide mobile sports betting.
More Resources On Nevada Sports Betting
- Learn more about , which regulated sports betting for years until the Supreme Court overturned it.
- Breakdown of Nevada for November 2020
- The , which regulates all gaming in the state