Nevada
In August, Nevada sportsbooks generated $25 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.
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.
Nevada
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2023 YEAR IN REVIEW
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Looking back at the 2001 terror attacks and how they affected Las Vegas and the world.
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MEET THE UNFORGETTABLE CLASS
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Harry Reid (1939-2021)
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Senate leader and Nevada political titan ‘; Read more
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HENRY RUGGS
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Sheldon Adelson (1933-2021)
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Tony Hsieh
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VEGAS REAWAKENING
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//add newsletters embed
var default_category_to_show = [‘News’, ‘Local’, ‘Life’, ‘Crime’];
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newsletter_1st_lv[‘Sports’] = {‘id’:’sports’, ‘track_name’:’Sports’, ‘title’:’SPORTS NEWS YOUR WAY‘, ‘subtitle’:’Sign up for our free Sports Update newsletter.’};
newsletter_1st_lv[‘Business’] = {‘id’:’business’, ‘track_name’:’Business’, ‘title’:’BUSINESS NEWS YOUR WAY‘, ‘subtitle’:’Sign up for our free Business Update newsletter.’};
newsletter_1st_lv[‘Live Well’] = {‘id’:’livewell’, ‘track_name’:’livewell’, ‘title’:’LIVE WELL NEWSLETTER‘, ‘subtitle’:’Your weekly source for living your healthiest and happiest life.’};
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//newsletter_1st_lv[‘Nevada Preps’] = {‘id’:’nevada_preps’, ‘title’:’HIGH SCHOOL SPORTS YOUR WAY‘, ‘subtitle’:’Stay up to date with our free Nevada Preps newsletter.’};
//newsletter_1st_lv[‘Investigations’] = {‘id’:’rj_investigates’, ‘title’:’INVESTIGATIVE NEWS YOUR WAY‘, ‘subtitle’:’Sign up for our free RJ Investigates newsletter.’};
var cat_has_subcat = [‘News’,’Business’,’Entertainment’,’Sports’, ‘Opinion’];
var newsletter_2nd_lv = [];
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Nevada
The Best Summer County Fairs In Nevada
Towns like Elko, Ely, and Panaca host some of Nevada’s most distinctive summer county fairs. Some of them are also among the state’s oldest such gatherings, with Winnemucca’s Tri-County Fair a staple since 1885, the Elko County Fair running since 1920, and Ely’s White Pine County races organized in 1934 to lift Depression-era spirits. For sheer natural beauty, Panaca takes top spot for its proximity to Cathedral Gorge State Park, while Eureka stages its fair just off US-50, the highway tagged the Loneliest Road in America. Discover what each has to offer.
Elko
The largest county seat in northeastern Nevada, Elko hosts the state’s marquee summer fair. The Elko County Fair was first held in September 1920 and now runs over two weekends around Labor Day at the Elko County Fairgrounds. The main event for the 20,000 or so visitors who attend is the live parimutuel horse racing, a betting format with no fixed odds in which payouts are split among the holders of winning tickets.
Over several race days, Thoroughbreds and Quarter Horses compete in front of the fairground’s historic grandstand. Other equestrian draws include the Livestock Show and Sale, a rodeo, and night barrel racing, while non-horse events include a carnival, livestock barns, and art exhibits.
Ely
Over in the remote mining town of Ely on the eastern edge of the state, the White Pine County Fair and Horse Races dominate the summer social calendar. Held the third weekend of August, the first races were organized by local ranchers and business owners in 1934 to lift spirits during the Great Depression. They have run nearly every year since at the White Pine County Fairgrounds.
A field of about 150 Thoroughbreds and Quarter Horses competes over the three days of the event, with parimutuel betting with no fixed odds, making it fun for everyone. Things kick off on Friday with a ranch rodeo featuring bronc riding, team roping, and mutton busting, a children’s event in which kids ride sheep. Live music, a barbecue, youth events and exhibits, and a livestock auction round out the fairground fun.
Panaca
Tucked away in the high desert of southeastern Nevada, Panaca holds the Lincoln County Fair and Rodeo at the fairgrounds, Lincoln County Recreational Park, in early August. Now in its 58th year, the weekend centers around a rodeo and junior rodeo events for younger riders, as well as a gymkhana featuring horseback games like barrel racing and pole bending.
A celebratory pageant is also part of the fun and crowns local riders. The fair’s exhibit building fills with educational projects, baked goods, and produce grown in the surrounding Meadow Valley region. In the same week, the fairgrounds host Nevada’s Best Cow Dog Trial, a stock dog competition in which trained herding dogs move cattle through a timed course. An amateur ranch rodeo is also part of the fun and includes roping and bronc riding open to local competitors.
Gardnerville
Located at the foot of the Sierra Nevada in Carson Valley, Gardnerville hosts the Nevada Agricultural Fair over four days each July at the Douglas County Fairgrounds. One of the newest fairs in the state (it started in 2021 as the Silver and Sage Fair), this free event highlights the role of younger generations of farmers in agriculture.
Highlights include a livestock show and sale featuring cattle, goats, pigs, sheep, rabbits, and poultry raised by local youth farming groups. Stick around for the Nevada State Ewe Lamb Futurity, a unique competition spread out over three years that follows the progress of young breeding ewes. Indoor halls display canning, baked goods, garden produce, and art, and a youth livestock auction closes the fair on the final Sunday.
After dark, the fair hands its arena over to MAYHEMilition. This always-popular demolition derby sees drivers ram junk cars and pick-ups into one another until only one is left running. The lawnmower and figure-eight races are also fun.
Eureka
The small town of Eureka celebrates its county fair and rodeo in early August. The community’s most important summer gathering, the Eureka County Fair, keeps things traditional and old-fashioned, with an authentic working rodeo, livestock displays, and exhibits dedicated to young farmers.
It is a format that serves the locals well, with an unhurried pace that attracts ranching families from across the high desert region. The event has long served as a yearly reunion for the county’s scattered ranches and remains the busiest weekend on Eureka’s summer calendar. The fairgrounds lie just outside the downtown Eureka core, which looks much as it did in the 1880s.
Winnemucca
The seat of Humboldt County at the crossroads of Interstate 80 and US-95, Winnemucca celebrates its farming and ranching traditions with its Tri-County Fair and Stampede. Held over the Labor Day weekend, Humboldt County Agricultural District has staged the fair since 1885, making it one of the oldest continuous events of its kind in Nevada.
The star attraction is the Labor Day rodeo. Held at the Winnemucca Events Complex, it is accompanied by a downtown parade and live music. Other weekend fun includes a carnival complete with rides, farming exhibits, antique tractor displays, and a quirky pig wrestling contest in which teams chase a greased hog through a muddy pen.
Logandale
Set in Moapa Valley, northeast of Las Vegas, Logandale hosts the Clark County Fair & Rodeo each April at the Clark County Fairgrounds. Since 1988, this small southern Nevada community has built the event into one of the region’s biggest spring traditions, pairing a full county fair with five nights of professional PRCA and WPRA rodeo action.
More than 600 professional competitors come to town for classic rodeo events backed by top western stock contractors, while the fairgrounds fill with a carnival midway, livestock shows, 4-H and FFA exhibits, food stands, live entertainment, and family attractions. Held at 1301 W. Whipple Avenue, the event draws visitors from across southern Nevada and gives Clark County its own high-energy version of a rural fair weekend.
A Fun Summer Tradition
There is no doubt that the best Nevada county fairs succeed because of the communities they serve. Horses, livestock, and music have held these rural communities together for well over a century, giving each an opportunity not only to showcase their skills and traditions but also to let their hair down and have some old-fashioned fun.
Nevada
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