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In August, Nevada sportsbooks generated $25 million in sports betting revenue, a YoY increase

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In August, Nevada sportsbooks generated  million in sports betting revenue, a YoY increase


On Thursday, the Nevada Gaming Commission reported $25 million in sports betting revenue. That was a notable year-over-year increase for operators in the state. Compared to their numbers from August 2023, the revenue was up 38.2%. That comfortably outpaced a 5.8% rise in the handle to $455.8 million. 

Revenue was down 3% from their figures in July despite a 21.3% upswing in their betting handle. In August, the $4.86 billion handle was down 3.9% compared to their figures in the first eight months of 2023. However, the $289.9 million is up 15.5%. Their 6.4% hold in 2024 is over one percentage point higher. Nevada’s year-to-date totals for state taxes are $19.6 million, roughly $2.6 million ahead of their pace last year.

Where did Nevada sportsbooks see the most wagers in August?

August has Week 0 of college football, NFL pre-season, MLB, and other various sporting events to bet on. While it’s not as busy as the fall, Nevada still saw increased revenue last month. Operators collected more than $8.7 million in revenue in August from football. That was a 72.9% increase from their figures in 2023. Additionally, Nevada’s $84.6 million handle was up 62.2% last year. That also beat their previous record of $72.3 million in August 2019. 

The “catch-all” category took a jump in revenue for August 2024. This includes golf, tennis, soccer, boxing, MMA, and auto racing. Nevada sportsbooks collected $7.6 million in revenue, a 64% YoY increase. Their betting handle from the “catch-all” category in August was $112.3 million. 

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This helped Nevada sportsbooks offset a negative shift in baseball wagering last month. Their revenue for baseball in August was 1.8% higher at $9.7 million. However, the betting action from April – August has decreased compared to 2023. Nevada’s $1.14 billion handle in that fourth-month span is down 15.4% YoY. Their $$61.5 million in revenue is also 10% lower.

How did mobile sportsbooks fare in Nevada?

Despite $14.8 million in revenue from mobile sportsbooks in August, Nevada’s 4.7% hold on $313 million worth of wagers is their lowest in 2024. Digital wagering accounted for 61.4% of the total revenue. That is on pace to be the highest percentage since the NCGB first published those figures in 2020. Retail sportsbooks had a 7.1% win rate in August, enough for $10.2 million in wagers from $142.8 million in wagers.



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Nevada

Nevada hosts Kelemeni and San Jose State

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Nevada hosts Kelemeni and San Jose State


Associated Press

San Jose State Spartans (7-6) at Nevada Wolf Pack (5-8)

Reno, Nevada; Sunday, 4 p.m. EST

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BOTTOM LINE: San Jose State visits Nevada after Sofia Kelemeni scored 27 points in San Jose State’s 100-44 win against the Bethesda (CA) Flames.

The Wolf Pack have gone 4-3 in home games. Nevada is seventh in the MWC in rebounding with 32.2 rebounds. Lexie Givens paces the Wolf Pack with 6.2 boards.

The Spartans are 1-2 on the road. San Jose State is 1-0 in games decided by less than 4 points.

Nevada’s average of 6.2 made 3-pointers per game this season is just 0.1 fewer made shots on average than the 6.3 per game San Jose State gives up. San Jose State’s 40.7% shooting percentage from the field this season is 2.7 percentage points lower than Nevada has allowed to its opponents (43.4%).

The Wolf Pack and Spartans meet Sunday for the first time in conference play this season.

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TOP PERFORMERS: Dymonique Maxie is averaging 6.6 points and 1.8 steals for the Wolf Pack.

Rylei Waugh is averaging 7.2 points for the Spartans.

LAST 10 GAMES: Wolf Pack: 4-6, averaging 68.5 points, 34.3 rebounds, 12.3 assists, 7.6 steals and 1.7 blocks per game while shooting 38.1% from the field. Their opponents have averaged 67.5 points per game.

Spartans: 5-5, averaging 64.4 points, 34.1 rebounds, 13.9 assists, 6.8 steals and 2.0 blocks per game while shooting 40.2% from the field. Their opponents have averaged 64.1 points.

___

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.




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‘It is Terrifying’: Concerning trends regarding Northern Nevada homelessness

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‘It is Terrifying’: Concerning trends regarding Northern Nevada homelessness


RENO, Nev. (KOLO) – The report released by the U.S. Department of Housing and Urban Development found that nationally, more than 770,000 people were experiencing homelessness on a single night in January 2024.

Among the most concerning trends was a nearly 40% rise in family homelessness.

Here in Nevada more than 10,000 homeless people were counted, which is an increase from 8,600 last year.

“It’s very terrifying,” says Marie Baxter, CEO of Catholic Charities.

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“On a daily basis we can see upwards of 100 individuals, seniors, families, people who are coming in and most often what they’re asking for is some form of rental assistance,” says Baxter. “They’re facing eviction, their rents have gone up, or they’ve had a change in their circumstances.”

Baxter says that they have seen an increase in homeless grandparents, who are stepping up to take care of their grandchildren:

“A lot of grandparents are raising their grandchildren and they’re on a fixed income to start… They were barely getting by as it was, but now their food bills have gone up because they’re feeding their grandchildren, or their nieces or their nephews,” says Baxter.

HUD reports also look to blame soaring rents, and the end of pandemic assistance and officials also say the Maui fires and other natural disasters contributed to the rise.

However, homelessness among veterans dropped nearly 8% nationwide to an all-time low.

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Nevada court rules that Las Vegas Hells Angels can face gang prosecution

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Nevada court rules that Las Vegas Hells Angels can face gang prosecution


Las Vegas Hells Angels motorcycle club members accused of targeting a rival club in a Henderson highway shooting can be prosecuted as gang members under state law, the Nevada Supreme Court ruled Thursday.

The 2022 Memorial Day shooting on Interstate 11 — which Clark County prosecutors alleged targeted Vagos Motorcycle Club members — injured seven people.

Addressing that case, the higher court ruled that there was enough probable cause to classify the Hells Angels as a criminal gang.

Indicted Hells Angels members included local chapter President Richard Devries.

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District Court Judge Tierra Jones in 2023 dismissed some of the charges the suspects were facing, including racketeering, gang enhancements and 20 of 25 shooting-related counts.

Jones had sided with defense attorneys who had argued that the indictment failed to properly specify which defendants engaged in alleged racketeering activities.

Police told a grand jury that investigators recovered 25 spent bullets on the highway.

Jones noted that prosecutors only presented evidence from a witness who testified that one of the suspects fired five rounds.

Defense attorneys countered that the state failed to consider exculpatory evidence that some of the Vagos members had guns and that one of the indicted suspects, Rayann Mollasgo, had also been shot.

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‘Criminal gang’

“We conclude that this was an error because the State presented at least slight or marginal evidence to support a reasonable inference that Hells Angels members commonly engage in felony-level violence directed at rival motorcycle clubs, such that that group constitutes a criminal gang,” Supreme Court justices wrote in their ruling.

Added the higher court: “Because the District Court substantially erred in dismissing the gang enhancement, we reverse and remand.”

The other Hells Angels members indicted were Stephen Alo, Russell Smith, Aaron Chun, Cameron Treich and Taylor Rodriguez.

After Jones’ ruling, they still were facing 17 charges, including attempted murder and conspiracy to commit murder. Roneric Padilla, who also was indicted, was charged with accessory to commit a felony.

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The Vagos group was returning to Las Vegas from Hoover Dam in a ride commemorating the holiday when Hells Angels motorcyclists rode behind the victims, according to prosecutors, who allege the Vagos were ambushed.

The suspects broke up the victims’ group and then shot at individual riders, prosecutors said.

Prosecutors alleged that the shooting might have been in retaliation for a California shooting that killed a Hells Angels motorcyclist, an accusation challenged by Vagos members during a grand jury hearing.

Nsc Hells Angels Decision by Las Vegas Review-Journal on Scribd

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Contact Ricardo Torres-Cortez at rtorres@reviewjournal.com.



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