The latest figures mark the first month in history that sports betting has broken the $1 billion threshold smashing the previous record set just one month earlier when September’s sports betting handle reached $787 million.
October’s handle is 66.8% higher than October 2020 and an impressive 102.3% higher than October 2019 before the global pandemic. The month also saw a record $728.6 million in wagers placed on college and professional football games.
The latest report sees Nevada become the second state to record $1 billion in wagers in a single month. New Jersey had previously broke the $1 billion mark in both September and October of this year.
According to the NGCB, the state’s sports betting operators won $48.3 million during October marking a 14% increase on the same period in 2020. Mobile sports betting was key to this increase accounting for 64% of the total handle.
The state’s overall gaming revenue figures topped $1 billion for the eighth consecutive month as operators reported a combined win of $1.22 billion. This was an increase of 48.5% over the same period in 2020. Meanwhile, the Las Vegas Strip reported gaming revenue of $702.1 million for the month. Revenue for the same period in 2019 when casinos were operating at 100% capacity was $538.5 million.